PRICE SITUATION: YEAR-ON-YEAR
Inflation Rate in Catanduanes decelerates to 6.2 in June 2021
The Inflation Rate (IR) in Catanduanes for June 2021 decelerated to 6.2 percent which translates to a Purchasing Power of the Peso of P 0.75. It is lower than the registered IR of 9.0 percent in May 2021. On the other hand, comparing it to the same period last year, a lower annual mark-up of 0.1 points was noted on inflation rate of 6.3 in the same period last year.
The upsurge in inflation for June 2021 was attributed to the Inflation Rates of the following Commodity Groups: Transport (37.4%); Alcoholic, Beverages & Tobacco (10.4%); Furnishings, Household Equipment & Routine Maintenance of the House (9.4%); Recreation and Culture (8.5%); Restaurants and Miscellaneous Goods & Services (8.0); Clothing and Footwear (5.2%); Health (3.9%); Food & Non-Alcoholic Beverages (2.2%); and Communication (0.2%).
Housing, Water, Electricity, Gas & Other Fuels recorded a decrease of 2.2% in price index points for the month.
Education commodity group retained its price index points for June 2021.
The CPI for all Income Households in all items in Catanduanes for the month of June 2021 registered at 133.6 index points which is lower compared to last month’s registered index points of 133.7. A higher annual mark-up of 7.8 points was noted on CPI of 125.8 in the same period last year.
PRICE SITUATION: MONTH-ON-MONTH
On a month on month basis, general prices of consumer items decelerated by 0.1 percent compared to last month or from 133.7 price index points from May 2021 to 133.6 price index points during the month.
The deceleration was due to the decrease in inflation of the following Commodity Groups: Food& Non-Alcoholic Beverages (0.8%); Alcoholic, Beverages and Tobacco (0.1%) and Housing, Water, Electricity, Gas & Other Fuels (0.1%).
On the other hand, commodity groups that accelerated in inflation were the following: Health (4.0); Restaurants and Miscellaneous Goods & Services (0.6%); Clothing and Footwear (0.2%); and Transport (0.2%).
Furnishings, Household Equipment & Routine Maintenance of the House ; Communication; Recreation and Culture and Education commodity group retained its price indices during the month.
(SGD.) ANAVI F. CAMACHO
Chief Statistical Specialist