Consumer Price Index for all Income Households in Bicol Region: July 2017

Release Date: 

Sunday, July 30, 2017

PRICE SITUATION:  YEAR-ON-YEAR

The Bicol Region’s inflation rate in July 2017 slipped at 5.0 percent. Compared to the 1.0 percent inflation rate in the same period last year, the July 2017 rate was higher by 4.0 percentage points.

The Transport Service group made a great impact on this month’s Inflation Rate situation (0.4 percent from 4.6 percent). Furnishings, Households Equipment and Routine Maintenance of the House group also went down (1.5 percent from 1.7 percent)

On the other hand, The Commodity/Service Group that increased were; Food and Non-Alcoholic Beverages (7.7 percent from 7.6 percent), Alcoholic Beverages and Tobacco (4.3 percent from 4.0 percent), Clothing and Footwear (1.7 percent from 1.4 percent), Housing, Water, Electricity, Gas and Other Fuels (3.2 percent from 2.4 percent), Health (1.4 percent from 1.2 percent), Communication (0.7 percent from 0.6 percent) and Recreation & Culture (0.6 percent from 0.5 percent).

Meanwhile, Education and Restaurants and Miscellaneous Goods and Services Groups remained at 0.5 percent and 2.6 percent respectively.

Across provinces, Camarines Sur has the highest Inflation Rate at 5.7 percent though it went down from last month’s Inflation Rate of 6.1 percent. Meanwhile, the provinces that posted increase were Albay, Camarines Norte and Masbate at 5.4 percent, 4.7 percent and 4.5 percent respectively.

Sorsogon and Catanduanes posted a decline and remained to have the lowest Inflation Rate in the region at 3.9 percent and 3.3 percent respectively.

 
 
 
  
 
PRICE SITUATION:  MONTH-ON-MONTH

On a month-on-month basis, the general prices of consumer items went down at -0.2 percent. The Commodity/ Service Groups  that contributed to the decrease were Food and Non-Alcoholic Beverages (0.0 percent from 0.6 percent), Furnishings, Households Equipment and Routine Maintenance of the House (0.1 percent from 0.3 percent), Transport (-4.5 percent from -1.1 percent), Education (0.0 percent from 0.5 percent) and Restaurants and Miscellaneous Goods and Services (0.3 percent from 0.6 percent)

 Whereas, notable increase on the following Commodity/Service Groups were observed; Alcoholic Beverages and Tobacco (0.4 percent from 0.1 percent), Clothing and Footwear (0.2 percent from 0.1 percent), Housing, Water, Electricity, Gas and other Fuels (0.5 percent from -0.2 percent), Communication (0.1 percent from 0.0 percent), and Recreation and Culture (0.2 percent from 0.1 percent).

Purchasing Power of Peso in Bicol Region was pegged at 0.65. This month, only Camarines Sur posted an increase at 0.64. The highest PPP is still in Albay at 0.69 while the lowest is in Masbate at 0.62. Camarines Norte, Catanduanes and Sorsogon were stable at 0.65, 0.64 and 0.65 respectively.

 
 
 
 
Table 1. Inflation Rate (IR) and Purchasing Power of the Peso (PPP) in Bicol Region,
by Province: June 2016, May 2017 and June 2017
(2006=100)
 
Region and Province Inflation Rate (IR) Purchasing Power of the Peso (PPP)
Jun 2016 May 2017 Jun 2017 Jun 2016 May 2017 Jun 2017
Bicol Region 1.2 5.1 5.1 0.68 0.65 0.65
             
Albay 1.8 5.1 5.2 0.72 0.69 0.69
Camarines Norte 1.0 4.3 4.3 0.68 0.65 0.65
Camarines Sur 1.1 6.3 6.1 0.67 0.64 0.63
Catanduanes 2.0 3.3 3.4 0.66 0.64 0.64
Masbate 1.9 4.0 4.3 0.65 0.63 0.62
Sorsogon -0.1 4.3 4.4 0.68 0.65 0.65

 
 
 
Table 2.  Year-on-Year Inflation Rate (IR) by Commodity/Service Group, June 2016,
May 2017 and June 2017: Bicol Region
(2006=100)
 
Commodity/Service Group
June 2016
May 2017
June 2017
       
All Items
1.2
5.1
5.1
I.  Food and Non-Alcoholic Beverages
-0.1
7.3
7.6
II.  Alcoholic Beverages and Tobacco
2.4
3.9
4.0
III.  Clothing and Footwear
2.0
1.5
1.4
IV.  Housing, Water, Electricity, Gas and Other Fuels
2.4
2.6
2.4
V.  Furnishings, Household Equipment and
3.2
1.7
1.7
Routine Maintenance of the House
     
VI.  Health
3.2
1.2
1.2
VII. Transport
2.6
5.8
4.6
VIII. Communication
0.0
0.6
0.6
IX. Recreation and Culture
1.4
0.5
0.5
X. Education
0.8
0.5
0.5
XI. Restaurants and Miscellaneous Goods and Services
4.3
2.6
2.6
 
 
Table 3.  Consumer's Price Index for All Income Households in Bicol Region,
y Province and by Commodity/Service Group:  June 2017
2006=100)
 
Commodity/Service Group
Region V Albay Cam. Norte Cam. Sur Catanduanes Masbate Sorsogon
               
All Items
154.3
145.5
153.9
157.7
156.2
160.3
154.2
I.  Food and Non-Alcoholic Beverages
174.0
167.2
 174.1
175.0
162.2
184.2
174.6
II.  Alcoholic Beverages and Tobacco
183.0
163.5
209.5
174.4
179.0
207.7
199.0
III.  Clothing and Footwear
128.7
121.4
147.7
125.0
137.9
133.3
127.3
IV.  Housing, Water, Electricity, Gas and Other Fuels
128.3
123.7
132.6
127.3
152.9
126.7
128.9
V.  Furnishings, Household Equipment and Routine Maintenance of the House
141.1
145.5
143.8
130.3
147.0
140.1
156.8
VI.  Health
132.1
124.2
143.9
131.1
127.9
134.1
142.6
VII. Transport
151.1
143.0
121.1
181.2
141.2
133.4
126.2
VIII. Communication
94.6
78.8
85.6
97.1
114.5
106.2
100.6
IX. Recreation and Culture
112.7
105.9
117.9
110.4
118.4
114.8
116.7
X. Education
148.1
160.7
153.2
117.9
130.8
179.8
151.0
XI. Restaurants and Miscellaneous Goods and Services
148.7
120.6
138.2
176.7
183.4
147.4
140.3
 
Table 4. Consumer's Price Index and Month-on-Month IR For All Income Households by
Province: April 2017 and May 2017
(2006=100)
 
Commodity/
Service Group
 
May
2017
 
 
June
2017
 
Month-on-Month
Inflation Rate
May
2017
June
2017
ALL ITEMS
153.8
154.3
0.0
0.3
I. FOOD AND NON-ALCHOLIC BEVERAGES
172.9
174.0
0.0
0.6
* Food
174.8
175.9
0.0
0.6
Bread and Cereals
178.2
178.7
-0.3
0.3
Rice
179.3
179.8
-0.4
0.3
Corn
201.8
201.9
0.0
0.0
Other Cereals, Flour, Cereal Preparation, Bread,  Pasta and
       
Other Bakery Products
172.5
172.6
0.1
0.1
Meat
141.6
141.8
0.7
0.1
Fish
183.7
184.9
-0.2
0.7
Milk, Cheese and Eggs
147.6
148.0
0.1
0.3
Oils and Fats
173.2
173.9
0.1
0.4
Table 2.  Year-on-Year Inflation Rate (IR) by Commodity/Service Group, July
175.6
177.8
0.6
1.3
June 2016 and July 2016: Bicol Region
224.9
230.5
0.1
2.5
Sugar, Jam, Honey, Chocolate and Confectionery
146.3
147.2
0.3
0.6
Food Products N.E.C.
171.1
171.6
0.3
0.9
* Non-alcoholic Beverages
140.3
140.6
0.4
0.2
II. ALCOHOLIC BEVERAGES AND TOBACCO
182.8
183.0
0.1
0.1
Alcoholic Beverages
153.5
153.7
0.2
0.1
Tobacco
217.3
217.3
0.1
0.0
NON-FOOD
135.3
135.2
0.0
-0.1
III. CLOTHING AND FOOTWEAR
128.6
128.7
0.1
0.1
Clothing
126.3
126.4
0.2
0.1
Footwear
135.0
135.1
0.0
0.1
IV. HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS
128.5
128.3
-0.1
-0.2
Actual Rentals for Housing
118.1
118.1
0.0
0.0
Maintenance and Repair of the Dwelling
141.4
141.6
0.1
0.1
Water Supply and Miscellaneous Services Relating to the Dweling
132.0
132.0
0.0
0.0
Electricity, Gas and Other Fuels
144.6
143.7
-0.1
-0.6
V. FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE
       
MAINTENANCE OF THE HOUSE
140.7
141.1
0.0
0.3
Furniture and Furnishings, Carpets and Other Floor Coverings
108.2
108.5
0.1
0.3
Household Textiles
124.0
124.5
0.0
0.4
Household Appliances
114.2
114.2
0.0
0.0
Glassware, Tableware and Household Utensils
133.8
133.8
0.0
0.0
Tools and Equipment for House and Garden
128.6
128.8
0.2
0.2
Goods and Services for Routine Household Maintenance
152.1
152.7
0.0
0.4
VI. HEALTH
131.9
132.1
0.0
0.2
Medical Products, Appliances and Equipment
128.9
129.3
0.0
0.3
Out-patient Services
143.9
143.9
0.0
0.0
Hospital Services
124.8
124.8
0.0
0.0
VII. TRANSPORT
152.8
151.1
-0.2
-1.1
Operation of Personal Transport Equipment
125.1
125.1
0.0
0.0
Transport Services
160.0
157.9
-0.2
-1.3
VIII. COMMUNICATION
94.6
94.6
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
107.8
107.8
0.0
0.0
IX. RECREATION AND CULTURE
112.6
112.7
0.1
0.1
Audio-visual, Photographic and Information Processing Equipment
98.3
98.3
0.0
0.0
Other Major Durables for Recreation and Culture
       
Other Recreational Items and Equipment, Gardens and Pets
121.0
121.1
0.0
0.1
Recreational and Cultural Services
132.4
132.4
0.0
0.0
Newspapers, Books and Stationery
134.9
134.5
0.1
0.4
X. EDUCATION
147.3
148.1
0.0
0.5
Pre-primary and Primary Education
138.8
139.4
0.0
0.4
Secondary Education
169.2
170.1
0.0
0.5
Tertiary Education
139.0
139.8
0.0
0.6
Education Not Definable by Level
       
XI. RESTAURANTS AND MISCELLANEOUS GOODS AND SERVICES
147.8
148.7
0.1
0.6
Catering Services
159.1
160.7
0.0
1.0
Personal Care
132.3
132.4
0.2
0.1
Personal Effects N.E.C.
137.1
137.1
0.1
0.0

 

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