CAR CPI

March 2019 Price Situation in the Cordillera (Base Year: 2012)

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 March 2019 was 117.4. This was higher by 2.9 index points from the 114.5 CPI of March 2018 using 2012 as base year.

February 2019 Price Situation in the Cordillera (Base Year: 2012)

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 February 2019 was 117.2. This was higher by 2.9 index points from the 114.3 CPI of February 2018 using 2012 as base year.

2017 and 2018 Price Situation in the Cordillera (Base Year: 2012)

The national average inflation rate for 2018 was 5.2 percent. This was 2 percentage points higher than the national average inflation of 3.2 percent for 2017.
Inflation rate in the Philippines ascended from 3.4 percent in January 2018 and peaked in September and October with 6.7 percent. Year 2018 ended with an inflation rate of 5.1 percent. In 2017, the national inflation rate started with 2.7 percent and ended with 3.3 percent. Inflation did not breach the 3.5 percent ceiling during the period.

November 2018 Price Situation in the Cordillera (Base Year: 2012)

The CPI of the Cordillera Administrative Region (CAR) in November 2018 was 118.0. This was higher by 5.1 index points from the 112.9 CPI of November 2017 using 2012 as base year. 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.

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