March 2022 Price Situation in the Cordillera (Base Year 2018)

Reference Number: 

Reference No. SR 2022-20

Release Date: 

Friday, May 27, 2022

Consumer Price Index

  • Consumer Price Index (CPI) is the general measure of the change in the average retail prices of a market basket or collection of goods and services commonly purchased by the average Filipino household.
  • In general, the CPI increased reflecting the rise in the average prices of goods and services in all the six provinces and highly urbanized city (HUC) of CAR.
  • The CPI of the Cordillera Administrative Region (CAR) in March 2022 was 112.6.  This was higher by 5.5 index points from the 107.1 CPI of March 2021 using 2018 as base year.
Figure 1. Consumer Price Index by Province and HUC, CAR: March 2022
(2018=100)
                       Source: Philippine Statistics Authority
 
  • Among the CAR provinces/HUC, Mt. Province posted the highest CPI for March 2022 with 116.2 index points, followed by Ifugao with 114.1 index points, and Benguet and Kalinga, both with 113.9 index points.
  • Meanwhile, Apayao posted the lowest CPI with 110.4 index points.

CPI by Commodity Groups

  • Among the commodity groups, Financial Services had the highest CPI in the region with 139.2 index points. The province of Abra incurred the highest CPI on this commodity with 160.4 index points, followed by Apayao, Benguet, and Kalinga with 146.0 index points.
  • Alcoholic Beverages and Tobacco ranked second among the commodity groups in the region for March 2022 with 134.1 index points. Among the provinces, Mountain Province had the highest CPI on alcoholic beverages and tobacco with 155.6 index points, while Benguet had the lowest with 120.6 index points.
  • Restaurants and Accommodation Services registered the third highest CPI with 120.1 index points in the region. Mountain Province recorded the highest index on Restaurants and Accommodation Services among the provinces/HUC with 139.1 index points, followed by Abra and Kalinga with 132.4 and 130.5 index points, respectively.
  • Information and Communication incurred the lowest CPI among the commodity groups in the region during the month of March 2022 with 101.8 index points. The province of Benguet incurred the highest index on Information and Communication with 103.2 index points, while Mountain Province had the lowest with 99.5 index points.
  • Among the provinces/HUC in CAR, Mountain Province incurred the highest CPI for All Items with 116.2 index points, while Apayao garnered the lowest CPI with 110.4 index points in March 2022.
Figure 2. Consumer Price Index by Commodity Group and by Province and HUC,
CAR: March 2022
(2018=100)