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.

Rebasing CPI is necessary to ensure that this barometer of economic phenomena is truly reflective of current situation. Consumer taste, fashion and technology change over time causing the fixed market basket of goods and services to become outmoded. To capture such changes for a more meaningful price comparison, revision or updating of the fixed market basket, sample outlets, weights, and base year had to be done periodically. The CPI is an indicator that derives its usefulness in its representation of how much a typical market basket behaves over a specific period.
 
 
 

Latest on CPI

Reference Number: SR-202008-013
Release Date: August 2020
This report summarizes the data gathered from April to June 2020 documents submitted from the local civil registry offices of the eleven municipalities in the province of Ifugao. The number of vital events in Ifugao for the 2nd semester reached 846 registered documents Registered Vital Events in Ifugao 2nd Quarter 2020.

Reference Number: SR 2020-47
Release Date: September 2020
The CPI of the Cordillera Administrative Region (CAR) in August 2020 was 121.4. This was higher by 2.4 index points from the 119.0 CPI of August 2019 using 2012 as base year. In general, the CPI increased reflecting the rise in the average prices of goods and services in all the six provinces of CAR. August 2020 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2020-46
Release Date: August 2020
The CPI of the Cordillera Administrative Region (CAR) in July 2020 was 121.2. This was higher by 2.7 index points from the 118.5 CPI of July 2019 using 2012 as base year. In general, the CPI increased reflecting the rise in the average prices of goods and services in all the six provinces of CAR. July 2020 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2020-44
Release Date: August 2020
The CPI of the Cordillera Administrative Region (CAR) in June 2020 was 121.0. This washigher by 3.2 index points from the 117.8 CPI of June 2019 using 2012 as base year. In general, the CPI increased reflecting the rise in the average prices of goods and services in all the six provinces of CAR. June 2020 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2020-42
Release Date: June 2020
The CPI of the Cordillera Administrative Region (CAR) in May 2020 was 121.0. This was higher by 3.1 index points from the 117.9 CPI of May 2019 using 2012 as base year. In general, the CPI increased reflecting the rise in the average prices of goods and services in all the six provinces of CAR. May 2020 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2020-28
Release Date: May 2020
The CPI of the Cordillera Administrative Region (CAR) in April 2020 was 121.5. This was higher by 3.8 index points from the 117.7 CPI of April 2019 using 2012 as base year. In general, the CPI increased reflecting the rise in the average prices of goods and services in all the six provinces of CAR. April 2020 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2020-17
Release Date: April 2020
The CPI of the Cordillera Administrative Region (CAR) in March 2020 was 120.8. This was higher by 3.4 index points from the 117.4 CPI of March 2019 using 2012 as base year. In general, the CPI increased reflecting the rise in the average prices of goods and services in all the six provinces of CAR March 2020 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2020-12
Release Date: March 2020
The CPI of the Cordillera Administrative Region (CAR) in February 2020 was 120.6. This was higher by 3.4 index points from the 117.2 CPI of February 2019 using 2012 as base year. In general, the CPI increased reflecting the rise in the average prices of goods and services in all the six provinces of CAR. February 2020 Price Situation in the Cordillera (Base Year: 2012).

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August 2020 CPI Table

CPI Inflation PPP
CAR 121.40 2.00 82.00
Abra 120.20 3.20 83.00
Apayao 123.60 0.70 81.00
Benguet 121.30 2.20 82.00
Ifugao 120.70 2.50 83.00
Kalinga 126.40 2.00 79.00
Mt. Province 119.20 1.30 84.00

CPI Infographics

Technical Notes

Consumer Price Index (CPI) is a 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.
 
Inflation Rate (IR) is the rate of change in the average price level between two periods (yearon year/month-on-month as measured by the CPI).
 
Purchasing Power of the Peso (PPP) measures how much the peso in the reference year is worth in another year.
 
Base Year (BY) is the reference point of the index number series, at which the index number is set to 100. It is the reference point of the index number series.
 
The CPI is now rebased to 2012 base year from the current 2006 base year. The year 2012 was chosen as the next base year because it was the latest year when the Family Income and Expenditure Survey (FIES) results were made available. It is also the synchronized rebasing of the price indices to base year 2006 and every six years thereafter.
 
Rebasing CPI is necessary to ensure that this barometer of economic phenomena is truly reflective of current situation. Consumer taste, fashion and technology change over time causing the fixed market basket of goods and services to become outmoded. To capture such changes for a more meaningful price comparison, revision or updating of the fixed market basket, sample outlets, weights, and base year had to be done periodically. The CPI is an indicator that derives its usefulness in its representation of how much a typical market basket behaves over a specific period.
 
Market Basket (MB) is a sample of goods and services used to represent all goods and services produced or bought.