Consumer Price Index

• Consumer Price Index of Benguet in 2017 is 145.3, went up by two percent from 143.3 last year 2016.
• Generally, the trend for both years shows an increasing pattern.
• The month of November recorded the highest CPI in 2016 at 145.4 while December had the peak in 2017 at 148.1.
• Of the commodity groups, Alcoholic Beverages and Tobacco registered the highest CPI for the year 2016 and 2017 at 203.7 and 217.6, respectively.
• Food and Non-Alcoholic Beverages came next with highest index at 161.5 and 162.8 for 2016 and 2017, respectively.
• Communication posted the lowest index for both years at 79.8 for 2016 and 79.9 for 2017.
• In terms of index point change, Alcoholic Beverages and Tobacco recorded the highest level at 13.9. Food and Non-Alcoholic came next with highest index point change at 6.1 followed by Transport at 3.5.
• The rest of the commodity groups reported a minimal annual increase.

Inflation Rate

• Inflation Rate of Benguet in 2017 was 1.4, went up by 0.3 percent from last year’s 1.1 percent.
• In 2016, the highest inflation rate was posted in July at 2.0 percent whereas the lowest was recorded in August with a deflation of 0.5 percent. On the other hand, the highest inflation rate in 2017 was in August at 2.2 percent while July with a deflation of 0.1 percent.

Purchasing Power of Peso

• The value of the peso in Benguet dropped to 0.69 centavos in 2017 from last year’s 0.70 centavos. Meaning, that market value of goods and services worth 69 centavos in 2006 are bought at one peso in 2017.