PSA of Iligan City and Lanao del Norte reveals information on Inflation statistics

Ms. Brenda Lynn M. Castro, OIC, PSA Iligan City and Lanao del Norte

 

 By Jun Enriquez

ILIGAN CITY - The Philippine Statistics Authority (PSA) based in Iligan City conducted a press conference dated August 13, 2026, Thursday, headed by Brenda Lynn M. Castro, Officer-in-charge, PSA of Iligan City and Lanao del Norte area.

Ms. Castro said that the highest inflation in Region 10 is Lanao del Norte with 8.3 percentage rate. Second is Iligan City with 7.9 percent inflation rate. 

  

The Inflation rate in Lanao del Norte accelerated to 8.3 percent in July 2026, higher than the 7.9 percent recorded in June 2026. This also marked an increase from the -1.8 inflation rate recorded in July 2025, indicating that prices of goods and services in the province were higher compared with the same period last year.

The Purchasing Power of Peso (PPP) was recorded at 0.75. This means that a set of goods and services bought at P75.00 in July 2018 is worth P100.00 in July 2026.

The Consumer price index (CPI) is a measure of change in the average retail prices of a fixed basket of commodities or goods and services commonly purchased by the households relative to a based year or based period. The CPI in Lanao del Norte was recorded at 133.8 in July 2026, indicating that the average price level of a fixed basket of goods and services increased by 33.8 percent compared with the 2018 based year.

There are top 3 contributors on goods and services for the month of July 2026 inflation rate for all income households in the province of Lanao del Norte. First, are the food and non-alcoholic beverages recorded at 45.4 percent; second, are housing, water, electricity, gas and other fuels at 22.0 percent; and third is transport at 17.2 percent.

Another top 3 contributors to the food inflation for July 2026 for all income households of the province. First is cereals and cereal products recorded at 75.4 percent; vegetables, tubers, plantains, cooking bananas and pulses at 8.5 percent; thirdly is fish and other seafood recorded inflation at 8.0 percent. 

The Inflation rate in Iligan City slowed to 7.9 percent in July 2026 from 8.0 petcent in June 2026. However, this remained higher than the 0.1 percent inflation rate recorded in July 2025, indicating an acceleration in the pace of price increases compared with the same period of the previous year. 

There are top 3 contributors on goods and services for the month of July 2026 inflation rate for all income households in Iligan City. First, are housing, water, electricity, gas and other fuels at 42.8 percent; second, are the food and non-alcoholic beverages recorded at 25.7 percent; and third is transport at 16.4 percent.

Another top 3 contributors to the food inflation for July 2026 for all income households of the City. Firstly, is cereals and cereal products recorded at 92.6 percent; secondly, is fish and other seafood recorded inflation at 17.0 percent; thirdly, are ready made food and other food products recorded at 5.5 percent inflation rate.

The PPP in Iligan City was recorded at 0.74. This means that a set of goods and services bought at P74.00 in July 2018 is worth P100.00 in July 2026.

The CPI in Iligan City was defined same as in Lanao del Norte. The CPI status in Iligan City for July 2026 was recorded at 134.6. This implies that, on average, the prices of goods and services commonly purchased by consumers were 34.6 percent higher compared with their price levels in the 2018 base year. There will be changes of CPI on month-on-month change and year-on-year change in Lanao del Norte same with Iligan City.   

In general, the Inflation rate refers to the annual rate of change or the year-on-year change of the CPI expressed in percentage. The CPI is an indicator that measures changes over time in the average retail prices of a representative basket of goods and services commonly purchased by consumers. The presents of CPI in Iligan City and Lanao del Norte for July 2025 and July 2026, with 2018 will be as the base year.

In another development, Iligan City is considered as the Industrial City of the south in the Philippines. In Labor economics situation, the industries in Iligan City produces chemical products, cement, flour, coconut oil and power generation. As the inflation rate increases, the prices of Industrial products will also increases due to the increase of raw materials locally and abroad. Therefore, the basket of goods based on the consumers price index will increase and the peso purchasing power becomes lower. In general, due to these issues, the wages of workers will demand wage increase to compensate the prevailing increases of commodities, goods and services, among others. (Written and Edited by Jun Enriquez, Digital-Moblile Journalist;  Photos by Jenifer Bagonbon, Digital-Mobile Journalist, SocMed specialist)