Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority

Food and Non-Alcoholic Beverages commodity group index is the top contributor for this month’s inflation rate in Masbate, from 3.1 percent in September 2024 to 3.3 percent this October 2024 with 44.1 percent share. Followed by Housing, Water, Electricity, Gas and Other Fuels from 5.5 percent to 6.3 percent this month with 21.4 percent share, and Furnishings, Household Equipment and Routine Household Maintenance from 10.6 percent in the previous month to 9.8 percent with 7.9 percent share. (See Figure 2)

Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority

The provincial rate of food inflation remained unchanged 3.0 percent this October 2024. Major contributors for this month’s food inflation in Masbate are cereals and cereal products (including rice and corn) from 10.1 percent to 8.6 percent this month with 103.2 percent share. Followed by Meat and other parts of slaughtered land animals from 3.6 percent to 4.9 percent with 14.7 percent share, and Ready-made food and other food products n.e.c. from 11.5 percent in September 2024 to 10.4 percent in October 2024 with 10.7 percent share. (See Figure 3)

Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority

Although there’s no changes in Masbate’s Inflation Rate and with minor movements in the Consumer Price Index (CPI) as a result of pricing instability, the province’s Purchasing Power of Peso (PPP) stayed constant at 0.77.

Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority