Consumer Price Index for all Income Households in Bicol Region: December 2016

PRICE SITUATION:  YEAR-ON-YEAR

The Bicol Region’s inflation rate in December 2016 went up at 3.2 percent from 2.5 percent in November 2016. Compared to the -0.5 percent inflation rate in the same period last year, the November 2016 rate was higher by 2.0 percentage point.
 
The escalation is accredited on the following Commodity/Service groups, Food and Non- Alcoholic Beverages (3.8 percent from 2.3 percent), Housing, water, Electricity, Gas and other Fuels (3.3 percent from 2.7 percent). The biggest decline came from the Service Group which is Transport (1.9 percent from 3.1 percent). Slight decrease also noted on Alcoholic Beverages and Tobacco (3.3 percent from 3.4 percent), Clothing and Footwear (1.7 percent from 1.9 percent), Furnishings, Household Equipment and Routine Maintenance of the House (2.5 percent from 2.4 percent), Health (2.6 percent from 2.8 percent), Recreation and Culture (1.1 percent from 1.0 percent) and Restaurants and Miscellaneous Goods and Services (3.8 percent from 4.3
percent). Non- movers were Communication (0.0 percent) and Education (0.5 percent).
 
The Bicol Region’s Inflation Rate soared at 3.2 percent from 2.5 percent. The province of Masbate is at all-time high Inflation pegged at 4.4 percent from 3.0 percent. Albay also posted a significant increase (3.7 percent from 2.5 percent). Among other provinces increased inflation were Camarines Norte (3.6 percent from 3.5 percent), Camarines Sur (2.6 perent from 2.0 perent), Catanduanes (2.7 from 2.3 percent). Only Sorsogon retained its Inflation at 2.8 percent.
 
 
PRICE SITUATION: MONTH-ON-MONTH
On a month-on-month basis, the general prices of consumer items sustained at 0.5 percent. Significant decrease was observed in the Food and Non-Alcoholic Beverages group (from 1.0 to 0.6). Surprisingly, among the Commodity/Service Group which posted increase are Clothing and Footwear (0.0 to 0.2), Housing Electricity, Gas and other Fuels (-0.2 to 0.6), Furnishings, Households equipment and Routine Maintenance of the House (0.0 to 0.4), Transport (0.8 to 1.4), Recreation and Culture (0.0 to 0.1). All other Commodity/Service group retained their Inflation, Alcoholic Beverages and Tobacco (0.1), Health (0.1), Communication (0.0), Education (0.0) and Restaurants and Miscellaneous Goods and Services (0.1)
 
The Purchasing Power of Peso in Bicol Region maintained at 0.67 for December 2016. Albay also maintain its PPP and the highest among the six provinces at 0.71. Catanduanes slightly decreased its PPP at 0.65. Camarines Norte, Camarines Sur and Sorsogon maintained their PPP at 0.66, while Masbate at 0.64, the lowest among the provinces in Bicol.
Table 1. Inflation Rate (IR) and Purchasing Power of the Peso (PPP) in Bicol Region,
by Province: December 2015, November 2016 and December 2016
(2006=100)
 
Region and Province Inflation Rate (IR) Purchasing Power of the Peso (PPP)
Dec 2015 Nov 2016 Dec 2016 Dec 2015 Nov 2016 Dec 2016
Bicol Region -0.2 2.5 3.2 0.69 0.67 0.67
             
Albay -7.0 2.5 3.7 0.74 0.71 0.71
Camarines Norte -1.5 3.5 3.6 0.68 0.66 0.66
Camarines Sur 0.7 2.0 2.6 0.68 0.66 0.66
Catanduanes 0.3 2.3 2.7 0.67 0.66 0.65
Masbate 0.5 3.0 4.4 0.66 0.64 0.64
Sorsogon -1.9 2.8 2.8 0.68 0.66 0.66

 
 
 
Table 2. Year-on-Year Inflation Rate (IR) by Commodity/Service Group, December 2015,
November 2016 and December 2016: Bicol Region
(2006=100)
 
Commodity/Service Group
December 2015
November 2016
December 2016
 
 
 
 
All Items
-0.2
2.5
3.2
I.  Food and Non-Alcoholic Beverages
-1.3
2.3
3.8
II.  Alcoholic Beverages and Tobacco
2.0
3.4
3.3
III.  Clothing and Footwear
1.5
1.9
1.7
IV.  Housing, Water, Electricity, Gas and Other Fuels
-1.7
2.7
3.3
V.  Furnishings, Household Equipment and
2.9
2.4
2.5
Routine Maintenance of the House
 
 
 
VI.  Health
1.7
2.8
2.6
VII. Transport
4.4
3.1
1.9
VIII. Communication
0.0
0.0
0.0
IX. Recreation and Culture
0.6
1.0
1.1
X. Education
0.9
0.5
0.5
XI. Restaurants and Miscellaneous Goods and Services
2.1
4.3
3.8
 
 
Table 3. Consumer's Price Index for All Income Households in Bicol Region,
by Province and by Commodity/Service Group: December 2016
(2006=100)
 
Commodity/Service Group
Region V
Albay
Cam. Norte
Cam. Sur
Catanduanes
Masbate
Sorsogon
 
 
 
 
 
 
 
 
All Items
150.1
141.0
151.4
151.9
153.4
157.1
151.6
I.  Food and Non-Alcoholic Beverages
167.7
159.6
170.7
167.3
157.6
179.1
169.6
II.  Alcoholic Beverages and Tobacco
178.4
159.1
205.4
170.1
174.8
203.1
193.1
III.  Clothing and Footwear
127.5
120.4
145.1
124.1
136.7
131.8
126.1
IV.  Housing, Water, Electricity, Gas and Other Fuels
125.9
121.0
130.1
122.7
151.5
126.3
130.0
V.  Furnishings, Household Equipment and Routine Maintenance of the House
139.8
141.4
142.8
129.9
146.7
139.7
156.4
VI.  Health
131.3
123.2
143.2
130.6
127.0
133.5
141.4
VII. Transport
147.0
142.7
119.1
172.4
141.3
129.2
125.1
VIII. Communication
94.0
78.7
85.0
95.9
114.1
106.2
100.4
IX. Recreation and Culture
112.3
105.6
117.5
110.0
118.1
114.5
116.0
X. Education
147.3
158.8
153.2
116.3
130.8
179.8
151.0
XI. Restaurants and Miscellaneous Goods and Services
145.9
118.5
137.0
171.8
182.2
144.6
139.0
 
Table 4. Consumer's Price Index and Month-on-Month IR For All Income Households by
Province: December 2015, November 2016 and December 2016
(2006=100)
 
Commodity/
Service Group
 
November
2016
 
 
December
2016
 
Month-on-Month
Inflation Rate
November
2016
December
2016
ALL ITEMS
149.3
150.1
0.5
0.5
I. FOOD AND NON-ALCHOLIC BEVERAGES
166.7
167.7
1.0
0.6
* Food
168.4
169.4
1.1
0.6
Bread and Cereals
175.8
177.2
0.6
0.8
Rice
176.6
178.3
0.9
1.0
Corn
205.6
206.8
0.4
0.6
Other Cereals, Flour, Cereal Preparation, Bread,  Pasta and
 
 
 
 
Other Bakery Products
170.3
170.6
0.0
0.2
Meat
140.2
140.4
0.0
0.1
Fish
164.2
164.1
0.9
-0.1
Milk, Cheese and Eggs
145.6
145.8
0.0
0.1
Oils and Fats
171.1
171.4
0.0
0.2
Table 2.  Year-on-Year Inflation Rate (IR) by Commodity/Service Group, July
172.3
173.3
1.2
0.6
June 2016 and July 2016: Bicol Region
211.5
214.5
5.4
1.4
Sugar, Jam, Honey, Chocolate and Confectionery
145.2
145.5
0.3
0.2
Food Products N.E.C.
171.4
173.6
-0.3
1.3
* Non-alcoholic Beverages
138.7
138.9
0.0
0.1
II. ALCOHOLIC BEVERAGES AND TOBACCO
178.3
178.4
0.1
0.1
Alcoholic Beverages
149.3
149.4
0.0
0.1
Tobacco
212.3
212.3
0.1
0.0
NON-FOOD
132.4
133.0
0.1
0.5
III. CLOTHING AND FOOTWEAR
127.3
127.5
0.0
0.2
Clothing
125.3
125.4
0.1
0.1
Footwear
132.8
133.1
0.1
0.2
IV. HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS
125.1
125.9
-0.2
0.6
Actual Rentals for Housing
116.5
116.5
0.0
0.0
Maintenance and Repair of the Dwelling
139.2
139.4
0.0
0.1
Water Supply and Miscellaneous Services Relating to the Dweling
132.0
132.0
0.0
0.0
Electricity, Gas and Other Fuels
136.9
139.4
-0.6
1.8
V. FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE
 
 
 
 
MAINTENANCE OF THE HOUSE
139.3
139.8
0.0
0.4
Furniture and Furnishings, Carpets and Other Floor Coverings
108.1
108.1
0.0
0.0
Household Textiles
123.4
123.4
0.0
0.0
Household Appliances
113.9
114.0
0.0
0.1
Glassware, Tableware and Household Utensils
133.1
133.3
0.0
0.2
Tools and Equipment for House and Garden
127.5
127.7
0.0
0.2
Goods and Services for Routine Household Maintenance
150.3
150.9
0.1
0.4
VI. HEALTH
131.2
131.3
0.1
0.1
Medical Products, Appliances and Equipment
127.7
127.9
0.2
0.2
Out-patient Services
143.9
143.9
0.0
0.0
Hospital Services
124.4
124.4
0.0
0.0
VII. TRANSPORT
145.0
147.0
0.8
1.4
Operation of Personal Transport Equipment
117.8
119.3
-0.1
1.3
Transport Services
152.0
154.1
0.9
1.4
VIII. COMMUNICATION
94.0
94.0
0.0
0.0
Postal Services
141.0
141.0
0.0
0.0
Telephone and Telefax Equipment
52.5
52.5
0.0
0.0
Telephone and Telefax Services
107.0
107.0
0.0
0.0
IX. RECREATION AND CULTURE
112.2
112.3
0.0
0.1
Audio-visual, Photographic and Information Processing Equipment
98.2
98.2
0.0
0.0
Other Major Durables for Recreation and Culture
 
 
 
 
Other Recreational Items and Equipment, Gardens and Pets
120.4
120.6
0.2
0.2
Recreational and Cultural Services
132.3
132.3
0.0
0.0
Newspapers, Books and Stationery
134.1
134.2
0.0
0.1
X. EDUCATION
147.3
147.3
0.0
0.0
Pre-primary and Primary Education
138.8
138.8
0.0
0.0
Secondary Education
169.2
169.2
0.0
0.0
Tertiary Education
139.0
139.0
0.0
0.0
Education Not Definable by Level
 
 
 
 
XI. RESTAURANTS AND MISCELLANEOUS GOODS AND SERVICES
145.8
145.9
0.1
0.1
Catering Services
156.4
156.5
0.0
0.1
Personal Care
131.2
131.5
0.0
0.2
Personal Effects N.E.C.
135.2
135.3
0.0
0.1

 

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