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 2021-13
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).

Reference Number: SR 2021-01
Release Date: January 2021
The CPI of the Cordillera Administrative Region (CAR) in November 2020 was 122.8. This was higher by 2.8 index points from the 120.0 CPI of November 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. November 2020 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2020-51
Release Date: December 2020
The CPI of the Cordillera Administrative Region (CAR) in October 2020 was 121.7. This was higher by 0.4 index points from the 121.3 CPI of October 2019 using 2012 as base year. October 2020 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR-2020-016
Release Date: October 2020
Survey of Retail Prices of Commodities conducted by Philippine Statistics Authority (PSA) has generated a Consumer Price Index (CPI) of 121.0 for Ifugao as of September 2020, using 2012 as the base year Ifugao Consumer Price Index as of September 2020.

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).

Archive

February 2021 CPI Table

CPI Inflation PPP
CAR 125.70 4.10 80.00
Abra 122.40 3.80 82.00
Apayao 128.20 3.60 78.00
Benguet 125.70 4.10 80.00
Ifugao 126.50 5.60 79.00
Kalinga 133.80 6.00 75.00
Mt. Province 122.20 2.90 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.