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 2022-03
Release Date: January 2022
The CPI of the Cordillera Administrative Region (CAR) in December 2021 was 130.0. This was higher by 5.7 index points from the 124.3 CPI of December 2020 using 2012 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 of CAR. December 2021 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2021-40
Release Date: December 2021
The CPI of the Cordillera Administrative Region (CAR) in November 2021 was 129.8. This was higher by 7.0 index points from the 122.8 CPI of November 2020 using 2012 as base year. November 2021 Price Situation in the Cordillera.

Reference Number: SR 2021-36
Release Date: November 2021
The CPI of the Cordillera Administrative Region (CAR) in October 2021 was 129.1. This was higher by 7.4 index points from the 121.7 CPI of October 2020 using 2012 as base year. October 2021 Price Situation in CAR.

Reference Number: SR 2021-32
Release Date: October 2021
The CPI of the Cordillera Administrative Region (CAR) in September 2021 was 128.5. This was higher by 7.2 index points from the 121.3 CPI of September 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. September 2021 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: SR 2021-29
Release Date: September 2021
The CPI of the Cordillera Administrative Region (CAR) in August 2021 was 127.6. This was higher by 6.2 index points from the 121.4 CPI of August 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. August 2021 Price Situation in the Cordillera (Base Year: 2012).

Reference Number: 14CAR44-538
Release Date: September 2021
The CPI of Mountain Province in the 2nd quarter of 2021 was 121.9 using 2012 as base year. This was -0.4 index points compared to its preceding quarter with CPI=122.3 and 2.6 index points higher as compared to the same quarter of 2020 with 119.3 consumer price index Consumer Price Index (CPI) in Mountain Province: April-June 2021.

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).

Archive

September 2021 CPI Table

CPI Inflation PPP
CAR 1.00 3.00 2.00
CAR 129.80 5.70 0.77
Abra 125.10 3.20 0.80
Apayao 129.70 2.00 0.77
Benguet 130.60 6.60 0.77
Ifugao 129.70 0.77 5.80
Kalinga 135.60 5.60 0.74

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.