The CPI is an indicator of the change in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to a base year, it is most widely used in the calculation of the inflation rate and purchasing power of the peso. It is a major statistical series used for economic analysis and as a monitoring indicator of government economic policy.
Region CPI Inflation Rate Purchasing Power of Peso Month
Bicol Region 122.10 0.70 0.82 October 2019
Bicol Region 121.40 0.20 0.82 September 2019
Bicol Region 121.20 1.40 0.83 August 2019

Consumer Price Index for all Income Households in Bicol Region: October 2019

PRICE SITUATION: YEAR-ON-YEAR
 
The Bicol Region’s inflation rate in October 2019 slightly accelerated to 0.7 percent.
Compared to the 9.9 percent inflation rate in the same period last year, the October 2019
rate was lower by 9.2 percentage points.
The movement was attributed to the Inflation Rates of most of the
Commodity/Service groups: Furnishings, Household Equipment and Routine Maintenance
of the House (from 5.3 percent to 4.5 percent), Health (from 3.9 percent to 2.9 percent),