The Headline Inflation rate in Kalinga goes down to 0.4 percent in September 2024, from 2.8 percent in August 2024. In September 2023, inflation rate was observed at 4.2 percent.

Figure 1: Inflation Rate in Kalinga
September 2023 to September 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 -0.7 percent from 127.1 to 126.2. The decreasing changes in the monthly CPI of the month were the result of the decreasing prices from the group of Transport with -2.6 percent change from 118.6 to 115.5, and from the Food and Non-Alcoholic beverages with -0.1 percent change from 130.0 to 128.6.

Moreover, there is a slight increase with 0.2 percent changes from the group of Personal Care and Miscellaneous Goods and Services with 123.9 to 124.1, Clothing and Footwear with 129.4 to 129.8, and Restaurants and Accommodations Services from 147.7 to 148.0. There is 0.1 percent change from the group of Alcoholic Beverages and Tobacco from 183.3 to 183.4, Housing, Water, Electricity, Gas and other Fuels from 109.4 to 109.6. and Furnishings, Household Equipment and Routine Household maintenance from 135.8 to 135.9

Stable price with 0.0 percent change posted on the group of Health with 146.0, Information and Communication with 103.5, Health with 140.2, Recreation, Sport and Culture with 120.1, Education Services with 130.1,   and Financial Services with 146.0.

Figure 2: Consumer Price Index by Commodity Group for All Income Households in Kalinga August 2024 and September 2024

(2018=100)

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

Figure 3: Purchasing Power of Peso in Kalinga

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 p

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