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 127.10 4.10 0.79 November 2020
Bicol Region 127.10 4.10 0.79 October 2020
Bicol Region 126.90 4.50 0.79 September 2020

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

PRICE SITUATION: YEAR-ON-YEAR
 
The Bicol Region’s inflation rate in December 2020 accelerated to 6.6 percent from
5.5 percent in the previous month. Inflation in December a year ago was lower at
3.3 percent.
The increase in inflation in December 2020 was attributed to the Inflation Rates of
most of Commodity/Service groups: Food and Non-Alcoholic Beverages (6.6 percent from
4.3 percent), Alcoholic Beverages and Tobacco (10.5 percent from 10.1 percent), Clothing