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 2021-22
Release Date: August 2021
The CPI of the Cordillera Administrative Region (CAR) in July 2021 was 126.1. This was higher by 4.9 index points from the 121.2 CPI of July 2020 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 2021 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2021-21
Release Date: August 2021
The CPI of the Cordillera Administrative Region (CAR) in June 2021 was 125.3. This was higher by 4.3 index points from the 121.0 CPI of June 2020 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 2021 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2021-19
Release Date: June 2021
The CPI of the Cordillera Administrative Region (CAR) in May 2021 was 125.2. This was higher by 4.2 index points from the 121.0 CPI of May 2020 using 2012 as base year. May 2021 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2021-15
Release Date: March 2021
The CPI of the Cordillera Administrative Region (CAR) in March 2021 was 125.5. This was higher by 4.7 index points from the 120.8 CPI of March 2020 using 2012 as base year. March 2021 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR–2021–009
Release Date: May 2021
Survey of Retail Prices of Commodities conducted by Philippine Statistics Authority (PSA) has generated a Consumer Price Index (CPI) of 126.2 in Ifugao as of March 2021, using 2012 as the base year Ifugao Consumer Price Index as of March 2021.

Reference Number: SR 2021-13
Release Date: March 2021
The CPI of the Cordillera Administrative Region (CAR) in February 2021 was 125.7. This was higher by 4.9 index points from the 120.8 CPI of February 2020 using 2012 as base year February 2021 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2021-12
Release Date: March 2021
The CPI of the Cordillera Administrative Region (CAR) in January 2021 was 125.3. This was higher by 4.8 index points from the 120.5 CPI of January 2020 using 2012 as base year January 2021 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2021-02
Release Date: January 2021
The CPI of the Cordillera Administrative Region (CAR) in December 2020 was 124.3. This was higher by 3.9 index points from the 120.4 CPI of December 2019 using 2012 as base year. Among the CAR provinces, Kalinga posted the highest CPI for December 2020 at 130.5, followed by Apayao at 127.7, and Ifugao at 124.6 while Mountain Province posted the lowest CPI at 121.5. December 2020 Price Situation in the Cordillera (Base Year: 2012).

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July 2021 CPI Table

CPI Inflation PPP
CAR 126.10 4.00 79.00
Abra 122.80 2.30 81.00
Apayao 129.60 4.90 77.00
Benguet 126.20 4.00 79.00
Ifugao 126.80 5.60 79.00
Kalinga 133.80 5.70 75.00
Mt. Province 122.10 3.10 82.00

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.