THE province of Davao del Norte is noted to have pegged the lowest inflation rate in the entire Davao Region in December 2023 at 2.9 percent.
Data from Philippine Statistics Authority (PSA) Davao Region revealed that during the period, Davao City posted the highest inflation rate at 6.5 percent, followed by Davao Oriental at 6.0 percent; Davao Occidental, 5.1 percent; Davao de Oro, 4.7 percent; and Davao del Sur, 4.2 percent.
According to PSA Davao del Norte, the Inflation rate of the province started at its peak at 6.9 percent in January 2023, and settled 2.9 percent at the end of the year, posting an annual average of 3.7 percent.
