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 126.10 4.20 0.79 July 2020
Bicol Region 126.10 4.30 0.79 June 2020
Bicol Region 124.40 2.90 0.80 May 2020

Consumer Price Index for all Income Households in Bicol Region: July 2020

PRICE SITUATION: YEAR-ON-YEAR
The Bicol Region’s inflation rate in July 2020 decelerated to 4.2 percent from
4.3 percent in the previous month. Inflation in July a year ago was slightly lower at
2.8 percent.
The slowdown in inflation in July 2020 was attributed to the Inflation Rates of the
following Commodity/Service groups: Food and Non-Alcoholic Beverages (1.4 percent from
2.2 percent), and Housing, Water, Electricity, Gas and Other Fuels (2.2 percent from
2.6 percent).