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 123.90 3.30 0.81 December 2019
Bicol Region 122.60 1.50 0.82 November 2019
Bicol Region 122.10 0.70 0.82 October 2019

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

PRICE SITUATION: YEAR-ON-YEAR
 
The Bicol Region’s inflation rate in December 2019 accelerated to 3.3 percent.
Compared to the 7.0 percent inflation rate in the same period last year, the December 2019
rate was lower by 3.7 percentage points.
The increase this month compared to the 1.5 percent inflation rate last month was
attributed to the Inflation Rates of the following Commodity/Service groups: Food and Non-