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 121.00 2.80 0.83 July 2019
Bicol Region 120.90 3.00 0.83 June 2019
Bicol Region 120.90 3.30 0.83 May 2019

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

PRICE SITUATION: YEAR-ON-YEAR
The Bicol Region’s Inflation Rate in June 2019 decelerated further to 2.8 percent.
Compared with the 7.4 percent Inflation Rate in the same period last year, the July 2019
Inflation Rate was lower by 4.6 percentage points.
The movement was attributed to the Inflation Rates of the following
Commodity/Service groups: Alcoholic Beverages and Tobacco (from 19.7 percent to
20.1 percent) and Education (from -20.6 percent to 7.2 percent)