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: 2022-32-949
Release Date: November 2022
The headline Inflation in Kalinga goes up to 8.3 in October 2022 from 7.8 percent in September 2022. The 8.3 inflation is higher than the recorded inflation in CAR at 6.6 percent and in the whole country at 7.7 percent. The average inflation for the past ten months of the year stood at 6.2 percent. Kalinga Headline Inflation Increases to 8.3% in October 2022.

Reference Number: Reference No. 2022-32-833
Release Date: October 2022
The headline Inflation in Kalinga goes up to 7.8 in September 2022, from 7.1 percent in August 2022. The 7.8 inflation is higher than the recorded inflation in CAR at 6.5 percent and in the whole country at 6.3 percent. The average inflation for the past nine months of the year stood at 5.97 percent. SPECIAL RELEASE: Kalinga Summary Inflation Report in September 2022 Consumer Price Index (2018=100) .

Reference Number: PSA-CAR2022-10-01
Release Date: October 2022
The inflation of the prices of goods and services in the region for the first time in over a year is lower the than the overall Philippine inflation of 6.9 percent. However, the inflation in the region increased in September 2022 to 6.6 percent from the previous month of August 6.5 percent, after easing for two months from 7.5 percent in June and 7.3 percent in July. In addition, the inflation rate in September 2021 of the region was lower at 5.4 percent. PRESS RELEASE: Cordillera Administrative Region Summary Inflation Report September 2022.

Reference Number: SSR 2022-23
Release Date: October 2022
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. The CPI of the Cordillera Administrative Region (CAR) in August 2022 was 116.0. This was higher by 7.1 index points from the 108.9 CPI of August 2021 using 2018 as the base year. In general, the CPI increased reflecting the rise in the average prices of goods and services in all the six provinces and one highly-urbanized city (HUC) of CAR. August 2022 Price Situation in the Cordillera (Base Year: 2018).

Reference Number: 22CAR01-452
Release Date: June 2022
PRICE SITUATION: Year-on-Year The Consumer Price Index (CPI) for all income household in Abra for May 2022 is 112.3. This implies that a household in Abra needs 12.3 pesos to purchase the same basket of goods worth 100 pesos in 2018. CONSUMER PRICE INDEX ABRA: May 2022 (2018=100).

Reference Number: PSA-CAR2022-06-01
Release Date: June 2022
The average increase in the prices of goods and services in the region was 6.9 percent in May 2022, higher by 4.1 percentage points compared with the inflation of 2.8 percent in May 2021. Overall, all provinces in CAR recorded a higher inflation rate for May 2022 compared to May 2021 using 2018 as base year. PRESS RELEASE: Summary Inflation Report Consumer Price Index (2018=100) May 2022.

Archive

September 2021 CPI Table

CPI Inflation PPP
Baguio City 110.40 3.60 91.00
Mt. Province 115.20 3.00 87.00
Kalinga 113.10 2.90 88.00
Ifugao 113.30 2.50 88.00
Benguet 113.20 7.20 88.00
Apayao 109.80 2.10 91.00
Abra 110.60 3.20 90.00
CAR 112.00 4.30 89.00

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.
 
Rebasing CPI is done periodically due to the following: 1) to ensure that the CPI market basket continues to capture goods and services commonly purchased by households over time; 2) to update expenditure patterns of households; and 3) to synchronize its base year with 2018 base year of the Gross Domestic Product and other indices produced by PSA such as the Producer Price Index (PPI) for Agriculture; PPI for Manufacturing; and Value of Production Index (VaPI), Volume of Production Index (VoPI), and Value of Net Sales Index (VaNSI) for Manufacturing.
 
Rebasing CPI is also in accordance with the PSA Board Resolution No. 1 Series 2017-146 which approves the synchronized rebasing of the price indices to base year 2006 and every six (6) years thereafter.
 
Market Basket (MB) is a sample of goods and services used to represent all goods and services produced or bought.