Thursday, September 5, 2019
PRICE SITUATION: YEAR-ON-YEAR
The Bicol Region’s inflation rate in August 2019 further decelerated to 1.4 percent.
Compared to the 9.0 percent inflation rate in the same period last year, the August 2019
rate was lower by 7.6 percentage points.
The movement was attributed to the Inflation Rates of most of the
Commodity/Service groups: Food and Non-Alcoholic Beverages (from 0.2 percent to
-1.7 percent), Alcoholic Beverages and Tobacco (from 20.1 percent to 19.2 percent),
Clothing and Footwear (from 5.8 percent to 5.5 percent), Housing, Water, Electricity, Gas
and Other Fuels (from 5.9 percent to 3.8 percent), Furnishings, Household Equipment and
Routine Maintenance of the House (from 5.9 percent to 5.7 percent), Health (from
4.6 percent to 3.9 percent), Recreation and Culture (from 2.9 percent to 2.5 percent) and
Restaurants and Miscellaneous Goods and Services (from 5.1 percent to 4.2 percent).
Transport (from 0.4 percent to 1.7 percent) and Education (from 7.8 percent to
8.5 percent) were the only commodity groups to go up.
Communication remained the same at 0.4 percent.
Inflation Rate in Sorsogon is the highest in the region at 2.5 percent. Camarines
Norte and Camarines Sur posted higher inflation rate than that of the region at 1.5 percent
and 1.6 percent, respectively. The rest of the provinces posted lower than that of the region.
Albay at 1.3 percent, Catanduanes at 0.3 percent, and Masbate at 0.2 percent.
PRICE SITUATION: MONTH-ON-MONTH
On a Month-on-month bases, the general prices of consumer items slightly went up
by 0.2 percent.
The increase was observed on Transport (from -2.0 percent to 1.5 percent).
On the other hand, prices went down on the following Commodity/Service Groups:
Food and Non-Alcoholic Beverages (from 0.0 percent to -0.1 percent), Alcoholic Beverages
and Tobacco (from 0.7 percent to 0.1 percent), Clothing and Footwear (from 0.3 percent to
0.2 percent), Housing, Water, Electricity, Gas and Other Fuels (from 0.3 percent to
0.1 percent), Furnishings, Household Equipment and Routine Maintenance of the House,
(from 0.9 percent to 0.2 percent), Health (from 0.3 percent to 0.1 percent), Recreation and
Culture (from 0.4 percent to 0.3 percent), and Education (from 4.2 percent to 1.1 percent).
Communication and Restaurants and Miscellaneous Goods and Services remained
at 0.0 percent and 0.2 percent, respectively.
With all the observed price changes in CPI, the Purchasing Power of Peso in Bicol
remained at 0.83. Albay stood at 0.83, Camarines Norte at 0.80, Camarines Sur at 0.81,
Catanduanes at 0.84, Masbate at 0.82, and Sorsogon at 0.87.