The Headline Inflation rate in Kalinga goes up to 1.7 percent in October 2024, from 0.4 percent in September 2024. In October 2023, inflation rate was observed at 3.0 percent.

Figure 1: Inflation Rate in Kalinga
October 2023 to

PRICE SITUATION: Year-on-Year

The increase in the province inflation was brought about by the higher monthly increase in the CPI for the following items:

a. Recreation and Culture with 4.4 percent (October 2023-114.9 to October 2024 120.0);

b. Personal Care Goods and Miscellaneous Services with 3.9 percent (October 2023-119.5 to October 2024 124.2);

c. Clothing and Footwear with 3.8 percent (October 2023-125.5 to October 2024 130.3);

d. Food and Non-alcoholic Beverages with 2.9 percent (October 2023-125.5 to October 2024 128.6);

e. Furnishing, Household Equipment and Routine Household Maintenance with 2.9 percent (October 2023-132.4 to October 2024 136.3);

f. Alcoholic Beverages and Tobacco at 2.6 percent (October 2023-178.9 to October 2024 183.6);

g. Restaurant, Misc. Goods and Services with 2.6 percent (October 2023-144.5 to October 2024 148.2);

h. Information and Communication with 2.1 percent (October 2023-101.4 to October 2024 103.5);

i. Education with 1.9 percent (October 2023-127.7 to October 2024 130.1); 

k. Housing, Water, Electricity, Gas and Fuels at 1.5 percent (October 2023-108.2 to October 2024 109.0)

On the other hand, there is a decrease in percentage of Transportation with

Meanwhile, there is no change in the commodity group of Financial Services

Figure 2: Consumer Price Index by Commodity Group for All Income Households in Kalinga October 2023 vs. October 2024

(2018=100)

PRICE SITUATION: Month-on-Month

In the month-on-month comparison, the Consumer Price Index (CPI) in All Items is posted at 0.3 percent from 126.2 to 126.6. The slow increasing changes in the monthly CPI of the month were the result of the decreasing prices from the following group items:

a. Food and Non-alcoholic Beverages with 0.5 percent (September 2024-128.6 to October 2024 129.2);

b. Clothing and Footwear with 0.4 percent (September 2024-129.8 to October 2024 130.3);

c. Transportation with 0.4 percent (September 2024-115.5 to October 2024 119.0);

d. Furnishing, Household Equipment and Routine Household Maintenance with 0.3 percent (September 2024-135.9 to October 2024 136.3);

e. Housing, Water, Electricity, Gas and Fuels at 1.5 percent (September 2024-109.6 to October 2024 109.8);

f. Alcoholic Beverages and Tobacco at 0.1 percent (September 2024-183.4 to October 2024 183.6);

g. Health at 0.1 percent (September 2024-140.2 to October 2024 140.3);

h. Restaurant, Misc. Goods and Services with 0.1 percent (September 2024-148.0 to October 2024 148.2);

i. Personal Care Goods and Miscellaneous Services with 0.1 percent (September 2024-124.1 to October 2024- 124.2).

On the other hand, there is a decrease in percentage of Recreation and culture with -0.1 percent (September 2023-120.1 to October 2024 120.0).

Meanwhile, there is no change in the commodity group of Financial Services, Education and Information and Communication.

Figure 3: Consumer Price Index by Commodity Group for All Income Households in Kalinga September 2024 and October 2024

(2018=100)

Purchasing Power of Peso

The Purchasing Power of Peso (PPP) in Kalinga was valued at 0.79 this

Figure 4: Purchasing Power of Peso in Kalinga

October 2023 – October 2024 

Technical Notes:

Price – is the amount or value paid in exchange for the commodity, or a service rendered.

Retail/Consumer Price – refers to the price at which a commodity is sold in small          quantities for consumption.

Weight – a value attached to a commodity or group of commodities to indicate the relative importance of that commodity or group of commodities in the market basket.

Market Basket – a term used to refer to a sample of goods and services that are commonly purchased and bought by an average Filipino household.

Consumer Price Index (CPI) – is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.

Inflation Rate - is the percentage increase or decrease in prices during a specified period, usually a month or a year and it is derived from CPI. It is interpreted in terms of declining purchasing power of money

Unit of Measure -   refers to which a commodity is customarily traded in the market and it is the actual unit in which the associated values are measured. 

Commodity Specifications – refers to the detailed description of the commodity such as a brand packaging, size and unit of measure or other characteristics that will best describe the product/commodity and are important in the determination of prices.

  Uses of the CPI

As an indicator, the CPI is the most widely used in the calculation of the inflation rate and purchasing power of the peso. It is a major statistical series used for economic analysis and as monitoring indicator of government economic policy.

The CPI is also used as a deflector to express value series in real terms, which is, measuring the change in actual volume of transaction by removing the effects of price changes. The CPI also serves as inputs in wage adjustments through the collective bargaining agreements

sgd.
MARIBEL M. DALAYDAY
Chief Statistical Specialist