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

Release Date: 

Sunday, April 30, 2017

PRICE SITUATION:  YEAR-ON-YEAR

The Bicol Region’s inflation rate in March 2017 skyrocketed at 4.4 percent from 3.9 percent in February 2017. Compared to the 0.1 percent inflation rate in the same period last year, the March 2017 rate was higher by 4.3 percentage point.
 
The sustained upsurge is credited on the following Commodity/Service groups, Housing, Water, Electricity, Gas and Other Fuels (3.3 percent from 1.9 percent), Food and Non-Alcoholic Beverages (6.5 percent from 5.8 percent), Alcoholic Beverages and Tobacco (3.5 percent from 3.3 percent) and Communication (0.5 percent from 0.3 percent)
 
Transport Commodity/Service group went on a slumped down (-0.5 percent from 2.9 percent) and among other Commodity/Service groups on this trend are Clothing and Footwear (1.5 percent from 1.6 percent), Furnishings, Household Equipment and Routine Maintenance of the House (1.5 percent from 1.7 percent), Health (1.4 percent from 1.5 percent).
 
Meanwhile, Recreation and Culture went steady at 0.7 percent along with Education and Restaurants and Miscellaneous Goods and Services pegged at 0.5 percent and 2.9 percent respectively.
 
The Bicol Region’s Inflation Rate went up at 4.4 percent from 3.9 percent. The province of Masbate increased to an all-time high of 4.9 percent and the highest in the Region. Albay, the second highest pegged at 4.7 percent. Camarines Sur followed at 4.6 percent. Camarines Norte and Sorsogon tied at 3.8 percent Inflation Rate for the month, while Catanduanes plunged to 2.2 percent from last month’s 2.6 percent.
 
 
PRICE SITUATION:  MONTH-ON-MONTH

On a month-on-month basis, the general prices of consumer items slightly went down at 0.4 percent. The Commodity/Service group that affected the trend was noted at Food and Non-Alcoholic Beverages (from 0.8 percent to 0.0 percent), alongside with Clothing and Footwear (from 0.3 percent to 0.2 percent) and Transport (from 0.2 percent to -0.1 percent)

While on the other hand, noted increase were on the following Service/Commodity Groups, Housing, Water, Electricity, Gas and other Fuels (from 0.4 percent to 1.7 Alcoholic Beverages and Tobacco (from 0.7 percent to 0.8 percent), percent), Communication (from 0.1 percent to 0.2 percent) and Recreation and Culture (from 0.0 percent to 0.1 percent)

Furnishings, Household Equipment and Routine Maintenance of the House remained at 0.1 percent. Also the non-movers are Health (0.2 percent, Education (0.0 percent) and Restaurants and Miscellaneous Goods and Services (0.5 percent)

The Purchasing Power of Peso in Bicol Region continued at 0.66 for March 2017. Albay is still the highest among the six provinces while it slightly went down at 0.69 from 0.70. Camarines Norte, Camarines Sur, Catanduanes and Sorsogon all pegged at 0.65. Masbate has the lowest PPP in Bicol Region remained at 0.63.

 
 
Table 1. Inflation Rate (IR) and Purchasing Power of the Peso (PPP) in Bicol Region,
by Province: March 2016, February 2017 and March 2017
(2006=100)
 
Region and Province Inflation Rate (IR) Purchasing Power of the Peso (PPP)
Mar 2016 Feb 2017 Mar 2017 Mar 2016 Feb 2017 Mar 2017
Bicol Region 0.1 3.9 4.4 0.69 0.66 0.66
             
Albay 0.2 4.0 4.7 0.73 0.70 0.69
Camarines Norte 0.0 4.2 3.8 0.68 0.65 0.65
Camarines Sur 0.1 4.3 4.6 0.68 0.65 0.65
Catanduanes 1.2 2.6 2.2 0.66 0.65 0.65
Masbate 1.3 4.2 4.9 0.66 0.63 0.63
Sorsogon -2.0 3.2 3.8 0.68 0.65 0.65

 
 
 
Table 2. Year-on-Year Inflation Rate (IR) by Commodity/Service Group, March 2016,
February 2017 and March 2017: Bicol Region
(2006=100)
 
Commodity/Service Group
March 2016
February 2017
March 2017
       
All Items
0.1
3.9
4.4
I.  Food and Non-Alcoholic Beverages
-1.9
5.8
6.5
II.  Alcoholic Beverages and Tobacco
2.5
3.3
3.5
III.  Clothing and Footwear
1.9
1.6
1.5
IV.  Housing, Water, Electricity, Gas and Other Fuels
1.1
1.9
3.3
V.  Furnishings, Household Equipment and
3.1
1.7
1.5
Routine Maintenance of the House
     
VI.  Health
3.0
1.5
1.4
VII. Transport
3.1
2.9
-0.5
VIII. Communication
0.0
0.3
0.5
IX. Recreation and Culture
1.2
0.7
0.7
X. Education
0.9
0.5
0.5
XI. Restaurants and Miscellaneous Goods and Services
3.8
2.9
2.9
 
 
Table 3. Consumer's Price Index for All Income Households in Bicol Region,
by Province and by Commodity/Service Group: March 2017
(2006=100)
 
Commodity/Service Group
Region V Albay Cam. Norte Cam. Sur Catanduanes Masbate Sorsogon
               
All Items
152.3
144.3
153.1
154.3
154.7
158.5
152.8
I.  Food and Non-Alcoholic Beverages
170.9
163.5
172.6
171.7
160.0
181.1
171.5
II.  Alcoholic Beverages and Tobacco
181.8
162.4
209.1
173.0
178.0
207.0
197.6
III.  Clothing and Footwear
128.3
121.3
146.2
124.9
137.3
132.6
127.0
IV.  Housing, Water, Electricity, Gas and Other Fuels
128.3
127.3
132.5
126.0
152.0
126.6
130.0
V.  Furnishings, Household Equipment and Routine Maintenance of the House
140.3
142.8
143.4
130.1
146.9
139.9
156.6
VI.  Health
131.8
123.8
143.9
130.9
127.7
133.9
142.1
VII. Transport
143.5
141.8
120.4
163.2
137.9
129.4
125.7
VIII. Communication
94.5
78.8
85.3
96.9
114.5
106.2
100.5
IX. Recreation and Culture
112.5
105.7
117.7
110.3
118.3
114.7
116.1
X. Education
147.3
158.8
153.2
116.3
130.8
179.8
151.0
XI. Restaurants and Miscellaneous Goods and Services
147.5
120.4
137.8
173.4
183.3
147.0
140.2
 
Table 4. Consumer's Price Index and Month-on-Month IR For All Income Households by
Province: February 2017 and March 2017
(2006=100)
Commodity/
Service Group
 
March
2017
 
 
April
2017
 
Month-on-Month
Inflation Rate
March
2017
April
2017
ALL ITEMS
151.7
152.3
0.5
0.4
I. FOOD AND NON-ALCHOLIC BEVERAGES
170.9
170.9
0.8
0.0
* Food
172.8
172.7
0.9
-0.1
Bread and Cereals
177.6
179.0
0.3
0.8
Rice
178.8
180.4
0.4
0.9
Corn
202.9
201.5
-2.0
-0.7
Other Cereals, Flour, Cereal Preparation, Bread,  Pasta and
       
Other Bakery Products
171.1
172.3
0.2
0.7
Meat
140.7
140.6
0.1
-0.1
Fish
173.6
177.9
2.4
2.5
Milk, Cheese and Eggs
146.6
147.2
0.4
0.4
Oils and Fats
172.3
172.6
0.2
0.2
Table 2.  Year-on-Year Inflation Rate (IR) by Commodity/Service Group, July
173.6
174.3
0.4
0.4
June 2016 and July 2016: Bicol Region
228.1
214.7
1.5
-5.9
Sugar, Jam, Honey, Chocolate and Confectionery
146.7
145.9
0.5
-0.5
Food Products N.E.C.
177.0
169.6
1.0
-4.2
* Non-alcoholic Beverages
139.3
139.5
0.1
0.1
II. ALCOHOLIC BEVERAGES AND TOBACCO
180.4
181.8
0.7
0.8
Alcoholic Beverages
151.5
152.6
1.0
0.7
Tobacco
214.3
216.1
0.5
0.8
NON-FOOD
133.1
134.1
0.3
0.8
III. CLOTHING AND FOOTWEAR
128.0
128.3
0.3
0.2
Clothing
125.7
126.0
0.2
0.2
Footwear
134.3
134.7
0.7
0.3
IV. HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS
126.7
128.8
0.4
1.7
Actual Rentals for Housing
117.0
117.8
0.2
0.7
Maintenance and Repair of the Dwelling
140.2
140.6
0.2
0.3
Water Supply and Miscellaneous Services Relating to the Dweling
132.0
132.0
0.0
0.0
Electricity, Gas and Other Fuels
141.1
145.9
0.8
3.4
V. FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE
       
MAINTENANCE OF THE HOUSE
140.2
140.3
0.1
0.1
Furniture and Furnishings, Carpets and Other Floor Coverings
108.1
108.1
0.0
0.0
Household Textiles
123.7
124.0
0.2
0.2
Household Appliances
114.1
114.1
0.0
0.0
Glassware, Tableware and Household Utensils
133.6
133.7
0.1
0.1
Tools and Equipment for House and Garden
128.1
128.2
0.2
0.1
Goods and Services for Routine Household Maintenance
151.5
151.6
0.1
0.1
VI. HEALTH
131.6
131.8
0.2
0.2
Medical Products, Appliances and Equipment
128.3
128.7
0.2
0.3
Out-patient Services
143.9
143.9
0.0
0.0
Hospital Services
124.8
124.8
0.3
0.0
VII. TRANSPORT
143.7
143.5
0.2
-0.1
Operation of Personal Transport Equipment
122.9
122.3
0.8
-0.5
Transport Services
149.1
149.0
0.1
-0.1
VIII. COMMUNICATION
94.3
94.5
0.1
0.2
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
107.4
107.6
0.2
0.2
IX. RECREATION AND CULTURE
112.4
112.5
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
120.7
121.0
0.1
0.2
Recreational and Cultural Services
132.3
132.4
0.0
0.1
Newspapers, Books and Stationery
134.4
134.7
0.0
0.2
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
146.7
147.5
0.5
0.5
Catering Services
157.7
158.9
0.7
0.8
Personal Care
131.4
131.9
0.1
0.2
Personal Effects N.E.C.
135.9
136.6
0.1
0.5

 

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