Inflation rate here declines to 3.3%
posted 16 days ago  ·  
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Continuing a downward trend in the first quarter of 2019, the Inflation Rate (IR) in the province of Catanduanes this February settled at 3.3 percent, consequently resulting in a higher Purchasing Power of the Peso of P0.85.

It was lower than the inflation rate of 4.4 percent in January 2019 and also lower by 1.5 points than the February 2018 rate of 4.8%, the Philippine Statistical Authority (PSA) Catanduanes provincial office said in a news release.

The Consumer Price Index for all Income Households in all items in Catanduanes for the month of February 2019 was recorded at 118.1 index points, which is the same than last month’s figure. It was, however, higher than the 114.3 price index points of the same period last year.

On a month-to-month basis in the price situation of goods, the Corn commodity group had the highest increase in CPI for February 2019 at 2.4 points.

In contrast, the Food and Non-Alcoholic Beverages commodity group was at 124.0 price index points in the same month, which is lower compared to January’s 124.3 points.

Other commodity groups that recorded an increase during the month were Fish (1.0%); Rice (0.7%); Bread and Cereals (0.6%); Other Cereals, Flour, Cereal Preparation, Bread, Pasta and Other Bakery Products (0.3%). and Food Products N.E.C. (0.2%).

Non-alcoholic beverages commodity group experienced an increase in price index points at 0.5%. Vegetable commodity group had the highest decline in CPI in February 2019 CPI at 5.0 price index points.

Other commodity groups that experienced decrease in price index points during the month were Fruits (3.0%); Meat (1.1%); Sugar, Jam, Honey, Chocolate and Confectionery (0.8%); and Milk, Cheese and Eggs (0.1%). Oils and fats commodity group did not experience any changes in price index points during the month.

Alcoholic, Beverages and Tobacco commodity group experienced an increase in CPI for the month, from 156 in January 2019 to 160 in February. Furnishings, Household Equipment and Routine Maintenance of the House commodity group headed non-food commodity groups that experienced increase in CPI in February 2019.

The Non-Food Commodity Group that recorded increases during the month were Furnishings, Household Equipment and Routine Maintenance of the House (1.0%); Clothing and Footwear (0.5%); Restaurant and Miscellaneous Goods and Services (0.4%); Transport (0.3%); and Recreation and Culture (0.1%). Commodity groups that experienced decrease in prince index points during the month were Housing, Water, Electricity, Gas and Other Fuels (0.5%) and Health (0.4%).

Communication and Education commodity groups did not experience any changes in price index points during the month.


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