Consumer Price Index for all Income Households in Bicol Region: March 2021

Reference Number: 

2021-010

Release Date: 

Wednesday, April 7, 2021
PRICE SITUATION: YEAR-ON-YEAR
(2012=100)
 
The Bicol Region's inflation rate in March 2021 further accelerated to 8.0 percent
from 7.5 percent in the previous month. Inflation in March a year ago was lower at
3. 2 percent.
The increase in inflation in March 2021 was attributed to the Inflation Rates of most
of Commodity/Service groups: Alcoholic Beverages and Tobacco (13.9 percent from
12.6 percent), Clothing and Footwear (4.8 percent from 4.5 percent), Housing, Water,
Electricity, Gas and Other Fuels (2.0 percent from 0.8 percent), Furnishings and Household
Equipment and Routine Maintenance of the House (4.1 percent from 3.5 percent), Transport
(46.5 percent from 43.9 percent), and Restaurants and Miscellaneous Goods and Services
(7.6 percent from 6.8 percent).
Food and Non-Alcoholic Beverages (7 .3 percent from 7 .5 percent) and
Communication (-0.1 percent from 0.0 percent) were the commodity groups that went down.
Health, Recreation and Culture, and Education retained its previous month's annual
growth rates at 2.3 percent, 2.0 percent, and 0.1 percent, respectively.
Inflation Rate in Catanduanes is the highest in the region at 9. 7 percent, followed by
Masbate at 9.3 percent, Camarines Sur at 8.8 percent, and Camarines Norte at 8.3 percent.
A/bay and Sorsogon posted lower than that of the region at 7 .5 percent and 4.3 percent,
respectively.
 
PRICE SITUATION: MONTH-ON-MONTH
 
On a month-on-month basis, general prices of consumer items went down to
-0.1 percent from 0.0 percent last month.
The movement was due to the decrease in inflation rates of almost all the commodity
groups. Food and Non-Alcoholic Beverages (-1.1 percent from -0.4 percent), Transport
(0.1 percent from 0.6 percent), Communication (-0.1 percent from 0.0 percent), and
Recreation and Culture (0.3 percent from 0.4 percent) ..
Alcoholic Beverages and Tobacco (1.7 percent from 1.2 percent), Clothing and
Footwear (0.5 percent from 0.2 percent), Housing, Water, Electricity, Gas and Other Fuels
(0.7 percent from 0.0 percent), Furnishings, Household Equipment and Routine
Maintenance of the House (0.8 percent from 0.2 percent), and Restaurants and
Miscellaneous Goods and Services (0.9 percent from 0.8 percent)
Health and Education remained at -0.1 percent and 0.0 percent, respectively.
Wtth all the observed price changes in CPI, the Purchasing Power of Peso in Bicol
was recorded at 0. 75. Albay stood at 0. 7 4, Ca marines Norte at 0. 72, Ca marines Sur at 0. 73,
Catanduanes and Masbate at 0. 75, and Sorsogon at 0.82.

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