DAVAO CITY – The inflation in the five provinces of Davao region – Davao Oriental, Davao del Sur, Davao Occidental, Davao del Norte, and Davao de Oro – slowed down in August, except for this city.
Maria Leah C. Magracia, officer-in-charge of the Statistical Operation and Coordination Division of the Philippine Statistics Authority-Davao, said Davao City’s inflation accelerated to five percent last month from 4.4 percent in July.
Magracia said prices of cereals and cereal products moved at a slower rate at 15 percent in August from 17.3 percent in July; vegetables, tubers, and cooking bananas, seven percent in August from 14.8 percent in July; and fish and other seafood, -0.6 percent in August from one percent in July. She said that housing, water, electricity, gas, and other fuels posted a higher inflation at 4.3 percent in August from -0.2 percent in July, while financial services remained the same at 0.1 percent.
The biggest and longest-running agriculture trade event in Southern Mindanao will highlight precision and smart agriculture, big data analytics, blockchain technology technology, AI and machine learning, robotics and automation in farming, and climate-smart agriculture. “As you all know, Davao region is growing. Our agricultural needs are growing. These kinds of interests are growing,” he said, referring to the focus on the region’s agricultural industry.
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