The headline Inflation in Kalinga goes up to 7.8 in September 2022, from 7.1 percent in August 2022. The 7.8 inflation is higher than the recorded inflation in CAR at 6.5 percent and in the whole country at 6.3 percent. The average inflation for the past nine months of the year stood at 5.97 percent.

The increase in the province inflation was  brought about by the higher monthly increase in the index for Transport at 31.0 percent compared to 28.0 percent from August 2022, Alcoholic Beverages and Tobacco at 12.2 percent to 14.5 percent, Clothing and Footwear with 4.7 percent to 3.7 percent, Food and Non-alcoholic Beverages with 4.8 percent from 3.2 percent in the previous month, ,Education with 3.5 percent   to 2.5 percent, Restaurant, Misc. Goods and Services with 13.3 percent from August 2022 to 12.4 percent, Recreation and Culture with 3.64percent  to 3.0 percent in August 2022, Furnishing, Household Equipment and Routine Household Maintenance with 1.6 percent to 2.2 percent of the present month, Health with 5.6 percent to  6.4 percent, and Personal care with 3.6 percent to 4.1percent last  September 2022.

On the other hand, there is a decrease in percentage of the following items; Housing, Water, Electricity, Gas and Fuels at 5.3 percent compared from 8.4 percent from the previous month, Information and Communication with 0.2 percent from August 2022 to 0.1 percent for the present month

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

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.