Release Date :
Reference Number :
2018-CPI-05
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.
- The CPI of the Cordillera Administrative Region (CAR) in March 2018 was 149.3. This was higher by 5.7 index points from the 143.6 CPI of March 2017.
- In general, the CPI increased reflecting the rise in the average prices of goods and services in all the six provinces of CAR.
Table1. Consumer Price Index by Province, CAR:
March 2017 and 2018
(2006=100)
| Province | March | Index Point Change | |
|---|---|---|---|
| 2017 | 2018 | ||
| CAR | 143.6 | 149.3 | 5.7 |
| Abra | 135.4 | 138.3 | 2.9 |
| Apayao | 132.0 | 135.5 | 3.5 |
| Benguet | 144.4 | 150.9 | 6.5 |
| Ifugao | 151.9 | 155.6 | 3.7 |
| Kalinga | 140.6 | 146.1 | 5.5 |
| Mt. Province | 152.8 | 162.4 | 9.6 |
Source: Philippine Statistics Authority
- Among the CAR provinces, Mountain Province posted the highest CPI for March 2018 at 162.4, followed by Ifugao at 155.6, and Benguet at 150.9. Apayao posted the lowest CPI at 135.5.
-
In terms of index point change, Mountain Province incurred the highest increase at 9.6 index points, followed by Benguet with 6.5 points, and Kalinga with 5.5 points.
CPI by Commodity Groups
- Among the commodity groups, Alcoholic Beverages and Tobacco had the highest CPI in the region at 241.2. The province of Abra incurred the highest CPI on this commodity at 258.2, followed by Apayao, Benguet and Kalinga at 252.3, 247.0, and 242.8, respectively.
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Education registered the second highest CPI among the commodity groups in the region for March 2018 at 167.5 index points. Among the provinces, Mountain Province had the highest index on education at 258.2, while Apayao had the lowest at 142.2.
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Food and Non-Alcoholic Beverages ranked third at 164.9 index points. Benguet recorded the highest index on food and non-alcoholic beverages at 171.6, followed by Mountain Province and Ifugao at 170.5 and 164.4 index points, respectively.
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Communication continued to have the lowest CPI among the commodity groups in the region with 83.4 index. The province of Abra incurred the highest index on communication with 111.4 index points, while Apayao had the lowest at 78.7 index points.
-
Among the CAR provinces, Mountain Province consistently incurred the highest CPI for all items with 162.4, while the province of Apayao continued to have the lowest index at 135.5.
Table2. Consumer Price Index by Commodity Group and by Province, CAR:
March 2018 (2006=100)
| Commodity Group | Region/Province | ||||||
|---|---|---|---|---|---|---|---|
| CAR | Abra | Apayao | Benguet | Ifugao | Kalinga | Mt. Province | |
| All Items | 149.3 | 138.3 | 135.5 | 150.9 | 155.6 | 146.1 | 162.4 |
|
Food and Non - Alcoholic |
164.9 | 149.2 | 153.2 | 171.6 | 164.4 | 159.2 | 170.5 |
|
Alcoholic Beverages and |
241.2 | 158.2 | 152.3 | 247.0 | 208.3 | 242.8 | 217.1 |
| Clothing and Footwear | 139.9 | 153.1 | 125.5 | 136.0 | 158.4 | 124.8 |
152.0 |
|
Housing, Water, Electricity, |
136.1 | 111.8 | 101.1 | 149.0 | 147.1 | 114.9 | 136.6 |
| Furnishing, Household Equipment and Routine Maintainance of the House |
134.2 | 125.8 | 123.0 | 134.4 | 127.1 | 144.4 | 147.7 |
| Health | 135.6 | 125.0 | 116.3 | 140.7 | 122.1 | 134.5 | 140.9 |
| Transport | 135.0 | 150.0 | 117.8 | 133.7 | 133.3 | 147.7 | 130.0 |
| Communication | 83.4 | 111.4 | 78.7 | 80.1 | 101.0 | 79.0 | 87.4 |
| Recreation and Culture | 110.4 | 112.3 | 119.6 | 106.8 | 111.0 | 115.3 | 115.4 |
| Education | 167.5 | 162.5 | 142.2 |
150.0 |
173.6 | 172.0 | 258.2 |
| Restaurants and Miscellaneous Goods and Services |
135.0 | 121.7 | 138.9 | 128.1 | 160.0 | 136.4 | 170.8 |
Source: Philippine Statistics Authority
- By index point change, Alcoholic Beverages and Tobacco recorded the highest which increased by 28.3 points. Increases were also incurred in Food and Non-Alcoholic beverages (9 points), Education (5.7 points), and Clothing & Footwear (4.4 points). The rest of the commodity groups reported minimal annual increases.
Figure 1. Year-on-Year Consumer Price Index by Commodity Group,
CAR: March 2017 and 2018 (2006=100)
Inflation Rate
- Average increase in prices of goods and services in the region accelerated to 4.0 percent in March 2018 from 1.8 percent in the same month of the previous year.
-
Mountain Province posted the highest inflation rate at 6.3 percent, followed by Benguet at 4.5 percent, and Kalinga at 3.9 percent.
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Inflation surpassed the March 2017 rates for all the provinces except for the province of Ifugao.
Figure 2. Year-on-Year Inflation Rates by Province, CAR:
March 2017 and 2018 (2006=100)
By Commodity Group, Year- on-Year
- Year-on-year inflation rate of the heavily-weighted Food and Non-Alcoholic Beverages index in the region accelerated to 5.8 percent from 4.1 percent in the previous month.
-
Alcoholic Beverages & Tobacco had the highest inflation among other commodities in the region with 13.3 percent, followed by Food and Non Alcoholic Beverages with 5.8 percent.
-
Meanwhile, inflation rates for Communication, and Education were the same last month.
Table 3. Year-on-Year Inflation Rates by Commodity Groups,
CAR: February and March 2018 (2006 = 100)
| Commodity Group | Inflation Rates | |
|---|---|---|
| February | March | |
| All Items | 3.2 | 4.0 |
| Food and Non-Alcoholic Beverages | 4.1 | 5.8 |
| Alcoholic Beverages and Tobacco | 13.1 | 13.3 |
| Clothing and Footwear | 3.2 | 3.2 |
| Housing, Water, Electricity, Gas and Other Fuels | 1.2 | 1.6 |
| Furnishing, Household Equipment & Routine Maintenance of the House | 2.7 | 2.9 |
| Health | 2.0 | 2.5 |
| Transport | 2.3 | 1.3 |
| Communication | 0.1 | 0.1 |
| Recreation and Culture | 0.8 | 1.0 |
| Education | 3.5 | 3.5 |
| Restaurants and Miscellaneous Goods and Services | 2.6 | 2.7 |
By Food Items, Year-on-Year
- Corn (11.6), Fish (9.8) and Vegetables (9.0) persisted to be the top three highest price increases in March 2018.
-
Meanwhile, Sugar, Jam, Honey, Chocolate and Confectionery not elsewhere classified incurred negative inflation rate of 1.7 percent.
Table 4. Year-on-Year Inflation Rates of Selected Food Items, CAR:
February and March 2017 and 2018 (2006 = 100)
| Food Items | 2018 | 2017 | Inflation Rates | |||
|---|---|---|---|---|---|---|
| February | March | February | March | Previous | Current | |
| Bread and Cereals | 161.0 | 162.4 | 15.4 | 155.4 | 3.6 | 4.5 |
| Rice | 158.2 | 159.8 | 152.2 | 152.2 | 3.9 | 5.0 |
| Corn | 187.9 | 192.9 | 174.4 | 172.9 | 7.7 | 116.6 |
| Other Cereals* | 169.4 | 169.7 | 165.6 | 165.7 | 2.3 | 2.4 |
| Meat | 142.2 | 142.3 | 134.4 | 134.0 | 5.8 | 6.2 |
| Fish | 193.0 | 195.4 | 176.9 | 177.9 | 9.1 | 9.8 |
| Milk, Cheese and Eggs | 144.0 | 144.6 | 139.6 | 139.7 | 3.2 | 3.5 |
| Oils and Fats | 198.4 | 188.7 | 182.2 | 182.4 | 4.0 | 3.5 |
| Fruits | 204.2 | 204.5 | 198.7 | 194.9 | 2.8 | 4.9 |
| Vegetables | 190.9 | 188.5 | 188.2 | 172.9 | 1.4 | 9.0 |
| Sugar, Jam, Honey, Chocolate & Confectionery | 137.2 | 137.1 | 139.5 | 139.5 | -1.6 | -1.7 |
| Food Products, N. E. C. | 160.5 | 164.0 | 163.1 | 160.6 | -1.6 | 2.1 |
Source: Philippine Statistics Authority
Purchasing Power of the Peso (PPP)
- The value of the peso in the region was 67 centavos in March 2018. This dropped by three centavos from 70 centavos in March 2017. This means that one peso in March 2006 is worth 67 centavos in March 2018.
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In other words, a basket of goods that can be bought 100 pesos in 2006 is worth 149 pesos in March 2018.
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The PPP in all the provinces generally weakened in March 2018 as compared to March 2017.
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Apayao had the highest peso value at 74 centavos, followed by Abra at 72 centavos, and Kalinga at 68 centavos. Meanwhile, Mountain Province had the lowest peso value at 62 centavos.
Figure 3. Purchasing Power of the Peso by Province, CAR:
March 2017 and 2018
(2006=100)
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 (year-on 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 zero.
Market Basket (MB) is a sample of goods and services used to represent all goods and services produced or bought.
| Attachment | Size |
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 CAR-SR-CPI-2018-02-Feb2018CPI%282006%3D100%29_0.pdf |
670.38 KB |