Inflation rate here declines to 4.4%
posted 24-Feb-2019  ·  
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The inflation rate in Catanduanes, which reached a high of 9.9% last October, has considerably settled to a more manageable 4.4% for January 2019, the Philippine Statistical Authority (PSA) provincial office reported last week.

It was lower than the registered IR of 5.6 percent in December 2018. However, it was higher by 0.7 points than the registered inflation rate of 3.7 in the same period last year, the PSA stated.

The new inflation rate effectively translated to a Purchasing Power of the Peso (PPP) of P0.85, meaning a peso in the base year of 2000 is now worth just 85 centavos.

On the other hand, the Consumer Price Index (CPI) for all income households in all items in Catanduanes for the month of January 2019 was registered at 118.1 index points which is higher than last month’s registered index points of 118.0. It is also higher than the 113.1 price index points registered at the same period last year.

Regarding the month-to-month price situation, the PSA disclosed that the Fruit commodity group has the highest increase in CPI for January 2019.

The Food and Non-Alcoholic Beverages commodity group recorded a 124.3 consumer price index points during the month of January 2019 which is the same compared to last month’s recorded price index points.

Fruit commodity group had the highest increase in CPI recorded at 2.1 price index points. Other commodity groups that recorded increases during the month were Fish (1.9%); Food Products N.E.C. (0.7%); Milk, Cheese and Eggs (0.3%); Oils and Fats (0.2%); Sugar, Jam, Honey, Chocolate and Confectionery (0.2%); and Meat (0.1%).

Meanwhile, Non-alcoholic beverages commodity group experienced an increase in price index points for January 2019 at 0.01%.

Vegetable commodity group has the highest decline in CPI in January 2019 as the CPI for Vegetable commodity group in January 2019 had the highest decrease recorded at 3.2 price index points. Other

commodity groups that experienced decrease in price index points during the month were Rice (1.1%); Bread and Cereals (0.9%); and Other Cereals, Flour, Cereal Preparation, Bread, Pasta and Other Bakery Products (0.2%).

The Corn commodity group did not experience any changes in price index points during the month.

Alcoholic, Beverages and Tobacco commodity group were recorded to have increased in CPI for January 2019, up from the previous 154.5 to January 2019’s 156.0.

Furnishings, Household Equipment and Routine Maintenance of the House commodity group headlines non-food commodity groups that experienced increase in CPI in January 2019.

Non-food Commodity Group that recorded an increase in price index points during the month were Furnishings, Household Equipment and Routine Maintenance of the House (0.6%) and Housing, Water, Electricity, Gas and Other Fuels (0.3%).

Transport commodity group decreased in price index points for January 2019 recorded at 0.1%.

Commodity Groups that did not experience any changes in price index points during the month were Clothing and Footwear; Health; Recreation and Culture; Communication; Education; and Restaurant and Miscellaneous Goods and Services.


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