Consumer Price Index for all Income Households in Bicol Region: April 2021

Reference Number: 

2021-011

Release Date: 

Friday, May 7, 2021

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.

 

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