Consumer Price Index for all Income Households in Bicol Region: January 2020

Reference Number: 

2020-005

Release Date: 

Thursday, February 6, 2020
PRICE SITUATION: YEAR-ON-YEAR
 
The Bicol Region’s inflation rate in January 2020 accelerated to 3.9 percent.
Compared to the 5.4 percent inflation rate in the same period last year, the January 2020
rate was lower by 1.5 percentage points.
The increase this month compared to the 3.3 percent inflation rate last month was
attributed to the Inflation Rates of the following Commodity/Service groups: Food and Non-
Alcoholic Beverages (1.9 percent from 0.8 percent), Clothing and Footwear (4.5 percent
from 4.4 percent), Housing, Water, Electricity, Gas and Other Fuels (5.9 percent from
4.5 percent), Health (2.6 percent from 2.2 percent), Communication (0.8 percent from
0.7 percent), and Recreation and Culture (2.3 percent from 2.2 percent).
Alcoholic Beverages and Tobacco (37.8 percent from 39.0 percent), Transport
(3.9 percent from 5.2 percent), and Restaurants and Miscellaneous Goods and Services
(3.7 percent from 3.9 percent) were the commodity groups to go down.
Furnishings, Household Equipment and Routine Maintenance of the House and
Education remained the same at 3.1 percent and 8.5 percent, respectively.
Inflation Rate in Albay is the highest in the region at 6.3 percent. Camarines Norte
and Sorsogon posted higher inflation rate than that of the region, both at 4.8 percent. The
rest of the provinces posted lower than that of the region. Camarines Sur at 2.5 percent,
Catanduanes at 3.8 percent and Masbate at 2.1 percent.
 
 
PRICE SITUATION: MONTH-ON-MONTH
 
On a Month-on-month bases, the general prices of consumer items went down at
0.9 percent.
The movement was due to the decrease in inflation rates of these commodity groups.
Transport (-1.4 percent from 1.8 percent) and Communication (0.1 percent from
0.2 percent).
On the other hand, inflation rates went up on the following Commodity/Service
Groups: Food and Non-Alcoholic Beverages (1.5 percent from 1.3 percent),
Alcoholic Beverages and Tobacco (1.2 percent from 0.7 percent), Clothing and Footwear
(0.4 percent from 0.0 percent), Housing, Water, Electricity, Gas and Other Fuels (1.2 percent
from 1.1 percent), Furnishings, Household Equipment and Routine Maintenance of the
House (0.2 percent from 0.1 percent), and Health (0.6 percent from 0.2 percent).
Recreation and Culture (0.1 percent), Education (0.0 percent), and Restaurants and
Miscellaneous Goods and Services (0.2 percent) remained the same this month.
With all the observed price changes in CPI, the Purchasing Power of Peso in Bicol
declined to 0.80. Albay stood at 0.79, Camarines Norte at 0.77, Camarines Sur at 0.79,
Catanduanes at 0.82, Masbate at 0.81, and Sorsogon at 0.85.
 
 
 
 
 
 
 
 
 
 
 
 

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