TREND OF INFLATION ON BASIC COMMODITIES IN CATEEL DAVAO ORIENTAL

Business Management

This quantative descriptive study was determined the average price of commodities, the average inflation rate, the basic commodity that has the highest ination rate, and the particular year that the commodity is on peak of inflation. The study was conducted in Cateel, Davao Oriental monitored prices on basic commodities by the Department of Trade and Industry through its local counterparts from 2019 to 2022 was the basis of the study. The data used was secondary data coming from the Department of Trade and Industry in Cateel. The study utilized quantitative descriptive techniques. The results indicate that commodity prices have increased in 2019 since the pandemic has shown to be stronger than anticipated, and due to supply problems and rising demand for goods and services as a result of increased economic activity, 2022 was the higher headline inflation rates. The results also indicated that vinegar had the highest average price of 23 and an average inflation rate of 56.78% among all commodities, its inflation peaks in the year 2022 and batteries AA-2 was the lowest among all commodities with the lowest average inflation rate of -0.00. As a result, we concluded that people all over the world was experiencing a significant inflation in the rise of prices on basic commodities in the year 2022.

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