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

Reference Number: 

SR 2022-25

Release Date: 

Tuesday, June 28, 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 the highly urbanized city (HUC) of CAR.
  • The CPI of the Cordillera Administrative Region (CAR) in May 2022 was 114.1 index points. This was higher by 7.4 index points from the 106.7 CPI index points of May 2021 using 2018 as base year.
 
Figure 1. Consumer Price Index by Province and HUC, CAR: May 2022
(2018=100)
 
                      Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index,
                                   Philippine Statistics Authority
  • Among the CAR provinces/HUC, Mt. Province posted the highest CPI for May 2022 with 118.8 index points, followed by Kalinga with 116.3 index points and Ifugao with 115.2 index points.
  • Meanwhile, Abra posted the lowest CPI with 112.3 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 May 2022 with 136.7 index points. Among the provinces, Mountain Province had the highest CPI on this commodity with 159.3 index points while Benguet had the lowest with 122.1 index points.
  • Transport registered the third highest CPI commodity group in the Cordillera region with 126.0 index points. Benguet recorded the highest index for this commodity with 136.9 index points, followed by Ifugao and Apayao with 129.4 and 127.9 index points, respectively.  
  • Information and Communication incurred the lowest CPI among the commodity groups in the region during the month of May 2022 with 101.9 index points. The province of Benguet incurred the highest index on this commodity with 103.2 index points while Mountain Province had the lowest with 99.5 index points.
  • Among the CAR provinces, Mountain Province incurred the highest CPI for All Items with 118.8 index points while Abra garnered the lowest CPI with 112.3 index points in May 2022.
 
Figure 2. Consumer Price Index by Commodity Group and by Province and HUC,
 CAR: May 2022
(2018=100)