Special Releases

Consumer Price Index For All Income Households in Bicol Region: June 2017

The Bicol Region’s inflation rate in June 2017 remained at 5.1 percent. Compared to the 1.2 percent inflation rate in the same period last year, the June 2017 rate was higher by 3.9 percentage points.
A number of Commodity/Service Groups also exhibited year on year non-movement of the Inflation Rate and these are: Furnishings, Household Equipment and Routine Maintenance of the House (1.7 percent), Health (1.2 percent), Communication (0.6 percent), Recreation and Culture (0.5 percent), Education (0.5 percent) and Restaurants and Miscellaneous Goods and Services (2.6 percent)

Consumer Price Index for all Income Households in Bicol Region: March 2017

The Bicol Region’s inflation rate in March 2017 skyrocketed at 4.4 percent from 3.9 percent in February 2017. Compared to the 0.1 percent inflation rate in the same period last year, the March 2017 rate was higher by 4.3 percentage point.

The sustained upsurge is credited on the following Commodity/Service groups, Housing, Water, Electricity, Gas and Other Fuels (3.3 percent from 1.9 percent), Food and Non-Alcoholic Beverages (6.5 percent from 5.8 percent), Alcoholic Beverages and Tobacco (3.5 percent from 3.3 percent) and Communication (0.5 percent from 0.3 percent)

Transport Commodity/Service group went on a slumped down (-0.5 percent from 2.9 percent) and among other Commodity/Service groups on this trend are Clothing and Footwear (1.5 percent from 1.6 percent), Furnishings, Household Equipment and Routine Maintenance of the House (1.5 percent from 1.7 percent), Health (1.4 percent from 1.5 percent).

Meanwhile, Recreation and Culture went steady at 0.7 percent along with Education and Restaurants and Miscellaneous Goods and Services pegged at 0.5 percent and 2.9 percent respectively.

The Bicol Region’s Inflation Rate went up at 4.4 percent from 3.9 percent. The province of Masbate increased to an all-time high of 4.9 percent and the highest in the Region. Albay, the second highest pegged at 4.7 percent. Camarines Sur followed at 4.6 percent. Camarines Norte and Sorsogon tied at 3.8 percent Inflation Rate for the month, while Catanduanes plunged to 2.2 percent from last month’s 2.6 percent.

Consumer Price Index for all Income Households in Bicol Region: January 2017

The Bicol Region’s inflation rate in January 2017 slightly dipped at 3.1 percent from 3.2 percent in December 2016. Compared to the -0.2 percent inflation rate in the same period last year, the January 2017 rate was higher by 3.0 percentage points.

The slight movement is attributed on the following Commodity/Service groups, Alcoholic Beverages and Tobacco (3.2 percent from 3.3 percent), Clothing footwear (1.5 percent from 1.7 percent), Housing, Water, Electricity, Gas and other Fuels (2.3 percent from 3.3 percent), Health (2.2 percent from 2.6 percent), Recreation and Culture (0.9 percent from 1.1 percent and Restaurants and Miscellaneous Goods and Services (3.2 percent from 3.8 percent).

On the other hand, Commodity/Service Groups that went up are Food and Non-Alcoholic Beverages (3.9 percent from 3.8 percent), Furnishings, Household Equipment and Routine Maintenance of the House (2.6 percent from 2.5 percent) and Communication (0.2 percent from 0.0 percent). Transport and Education Commodity/Service Group maintained its last month’s inflation rate at 1.9 percent and 0.5 percent respectively.

The Bicol Region’s Inflation Rate slightly dished at 3.1 percent from 3.2 percent. The province of Camarines Sur went up at 3.0 percent from 2.6 percent. The highest inflation rate though for Bicol Region is Masbate measured at 3.5 percent but it went down from last month’s Inflation Rate at 4.4 percent. All other Provinces also went down their Inflation rate, Albay at 3.4 percent from 3.7 percent, Camarines Norte at 3.3 percent from 3.6 percent, Catanduanes at 2.1 percent from 2.7 percent and Sorsogon at 2.6 percent from 2.8 percent.

Consumer Price Index for all Income Households in Bicol Region: December 2016

The Bicol Region’s inflation rate in December 2016 went up at 3.2 percent from 2.5 percent in November 2016. Compared to the -0.5 percent inflation rate in the same period last year, the November 2016 rate was higher by 2.0 percentage point.

The escalation is accredited on the following Commodity/Service groups, Food and Non- Alcoholic Beverages (3.8 percent from 2.3 percent), Housing, water, Electricity, Gas and other Fuels (3.3 percent from 2.7 percent). The biggest decline came from the Service Group which is Transport (1.9 percent from 3.1 percent). Slight decrease also noted on Alcoholic Beverages and Tobacco (3.3 percent from 3.4 percent), Clothing and Footwear (1.7 percent from 1.9 percent), Furnishings, Household Equipment and Routine Maintenance of the House (2.5 percent from 2.4 percent), Health (2.6 percent from 2.8 percent), Recreation and Culture (1.1 percent from 1.0 percent) and Restaurants and Miscellaneous Goods and Services (3.8 percent from 4.3
percent). Non- movers were Communication (0.0 percent) and Education (0.5 percent).

The Bicol Region’s Inflation Rate soared at 3.2 percent from 2.5 percent. The province of Masbate is at all-time high Inflation pegged at 4.4 percent from 3.0 percent. Albay also posted a significant increase (3.7 percent from 2.5 percent). Among other provinces increased inflation were Camarines Norte (3.6 percent from 3.5 percent), Camarines Sur (2.6 perent from 2.0 perent), Catanduanes (2.7 from 2.3 percent). Only Sorsogon retained its Inflation at 2.8 percent.

Consumer Price Index for all Income Households in Bicol Region: February 2015

The Bicol Region’s inflation rate in February 2015 was recorded at 2.5 percent from 3.2 percent in January 2015. Compared to the 5.5 percent inflation rate in the same period last year, the February 2015 rate was lower by 3.0 percentage points.

The heavily weighted Food and Non-Alcoholic Beverages (5.9 percent from 7.1 percent) and the Alcoholic Beverages and Tobacco (3.1 percent from 4.0 percent) exhibited significant decrease in their indexes. Among the non-food groups, the indices that displayed decrements include Health (0.8 percent from 1.1 percent), Recreation and Culture (0.5 percent from 0.7 percent), Restaurants and Miscellaneous Goods and Services (1.9 percent from 2.1 percent), and Furnishings, Household Equipment and Routine Maintenance of the House (2.6 percent from 2.7 percent).

Conversely, a 1.5 percentage points increase was observed in Transport (-1.1 percent from -2.6 percent) and Housing Water, Electricity, Gas and Other Fuels (-4.4 percent from -4.5 percent) slightly edged-up by 0.1 percentage point. Clothing and Footwear and Education maintained its previous month’s rate of 1.2 percent and 3.7 percent, respectively, while price levels for Communication remained steady with no movements from January to February 2015.

Across provinces, decreased inflation rates were felt in five out of six provinces of the region. Sorsogon posted the largest decline at 2.9 percent from 4.4 percent and Masbate with 1.9 percent from 3.3 percent. Only Albay showed an increase in inflation rate by 0.5 percentage point at 4.1 percent from 3.6 percent.

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