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 7.40 0.74 January 2021
Bicol Region 132.10 6.60 0.76 December 2020
Bicol Region 127.10 4.10 0.79 November 2020

Consumer Price Index for all Income Households in Bicol Region: January 2021

PRICE SITUATION: YEAR-ON-YEAR
 
The Bicol Region's inflation rate in January 2021 further accelerated to 7.4 percent
from 6.6 percent in the previous month. Inflation in January a year ago was lower at
3.9 percent.
The increase in inflation in January 2021 was attributed to the Inflation Rates of most
of Commodity/Service groups: Food and Non-Alcoholic Beverages (7.4 percent from 6.6
percent), Alcoholic Beverages and Tobacco (12.3 percent from 10.5 percent), Clothing and