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 121.10 6.30 0.83 September 2022
Bicol Region 119.80 5.60 0.83 August 2022
Bicol Region 118.70 5.00 0.84 July 2022