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THE inflation rate for Cebu Province continued to rise in July, while the three highly urbanized cities of Cebu, Mandaue, and Lapu-Lapu saw a decline in their inflation rates, according to an official from the Cebu Provincial Statistical Office on Thursday, Aug. 15, 2024.Cebu Province’s headline inflation accelerated to four percent in July 2024 from 3.5 percent in June 2024.This is primarily influenced by the year-on-year faster increase in the index of food and non-alcoholic beverages at 9.
Downtrend in three HUCsAmong the three HUCs in Cebu, Mandaue City maintained a consistent decline in its inflation rate for the third consecutive month since May. Meanwhile, both Cebu City and Lapu-Lapu City saw their inflation rates decrease for the first time this year.Mandaue City’s inflation rate dropped to 6.2 percent in July 2024, down from 7.4 percent in June. However, this remains higher than the 2.5 percent recorded in July 2023.
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