Baguio, Cordillera face double-digit inflation surge in October

BAGUIO CITY — Consumer prices climbed sharply across the Cordillera region in October, driven primarily by increased costs in dining and public transportation services. Baguio City recorded an inflation rate of 9.3 percent, while the broader Cordillera region logged 9.2 percent, marking the highest inflationary pressure both areas have experienced in 2024.

The mountain resort city's October reading represents a significant acceleration from previous months, with food service and commuting expenses bearing much of the burden on household budgets. Similarly, the Cordillera provinces, including Ifugao, faced comparable pricing pressures across essential services.

The elevated inflation figures highlight growing cost-of-living challenges for residents of the northern highlands, as businesses pass increased operational expenses to consumers. Both metrics underscore broader economic pressures affecting the region's food supply chains and transportation networks during the month.