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 | 134.30 | 7.50 | 0.74 | February 2021 |
Bicol Region | 134.30 | 7.40 | 0.74 | January 2021 |
Bicol Region | 132.10 | 6.60 | 0.76 | December 2020 |