PRICE SITUATION: YEAR-ON-YEAR
The Bicol Region's inflation rate in April 2021 slightly decelerated to 7.9 percent
from 8.0 percent in the previous month. Inflation in April a year ago was lower at 3.1 percent.
The decrease in inflation in April 2021 was attributed to the Inflation Rates of these
Commodity/Service groups: Food and Non-Alcoholic Beverages (6.2 percent
from 7.3 percent) and Clothing and Footwear (4.5 percent from 4.8 percent).
Alcoholic Beverages and Tobacco (15.1 percent from 13.9 percent), Housing, Water,
Electricity, Gas and Other Fuels (3.0 percent from 2.0 percent), Furnishings and Household
Equipment and Routine Maintenance of the House (4.4 percent from 4.1 percent), Transport
(50. 7 percent from 46.5 percent), and Restaurants and Miscellaneous Goods and Services
(8.3 percent from 7.6 percent) were the commodity groups that went down.
Health (2.3 percent), Communication (-0.1 percent), Recreation and Culture
(2.0 percent), and Education (0.1 percent) retained its previous month's annual growth rates.
Inflation Rate in Camarines Sur is the highest in the region at 9.4 percent, followed
by Catanduanes at 9.1 percent, Masbate at 8.3 percent, and Camarines Norte
at 7.9 percent. Albay and Sorsogon posted lower than that of the region at 7.3 percent
and 3.9 percent, respectively.
PRICE SITUATION: MONTH-ON-MONTH
On a month-on-month basis, general prices of consumer items went down at the
same rate last month at -0.1 percent.
The movement was due to the decrease in inflation rates of almost all the commodity
groups. Alcoholic Beverages and Tobacco (1.6 percent from 1.7 percent), Clothing and
Footwear (-0.2 percent from 0.5 percent), Housing, Water, Electricity, Gas and Other Fuels
(0.4 percent from 0. 7 percent), Furnishings, Household Equipment and Routine
Maintenance of the House (0.3 percent from 0.8 percent), Transport (-0.1 percent from
0.1 percent), Recreation and Culture (0.0 percent from 0.3 percent), and Restaurants and
Miscellaneous Goods and Services (0.8 percent from 0.9 percent).
Food and Non-Alcoholic Beverages (-0.5 percent from -1.1 percent), Health
(0.1 percent from -0.1 percent), and Communication (0.0 percent from -0.1 percent) were
the commodity groups that went up.
Education remained at 0.0 percent.
With all the observed price changes in CPI, the Purchasing Power of Peso in Bicol
was recorded at 0.75. Albay stood at 0.74, Camarines Norte at 0.72, Camarines Sur at 0.73,
Catanduanes at 0.75, Masbate at 0.76, and Sorsogon at 0.82.