Release Date :
Reference Number :
2022-CARAP-SR12
Apayao Headline Inflation Decelerates to 7.7 percent in July 2022
Table 1. Year-on-Year Inflation Rates in Apayao Province, All Items in Percent July 2022 (2018=100)
The inflation rate in Apayao in July 2022 went down to 7.7 percent, lower than the previous month at 8.4 percent. (Table 1 and Figure 1)
Figure 1. Year-on Year Inflation Rate, All Items in Percent, July 2021-July 2022 (2018=100)
The deceleration in the province’s inflation rate in July 2022 was primarily due to the decrease of most of the commodity groups: Housing, Water, Electricity, Gas, and Other Fuels at 15.8 percent; Recreation, Sport and Culture at 10.5 percent; Health at 1.3 percent; Food and Non-alcoholic Beverages at 3.0 percent; Alcoholic Beverages and Tobacco at 10.4 percent.
Some commodity groups accelerated: Restaurants and Accommodation at 12.8 percent; Furnishings, Household Equipment, and Routine Household Maintenance at 3.8 percent; and Transport at 33.2 percent.
The remaining commodity groups retained its inflation rate: Information and Communication at 0.3 percent; Personal Care, Miscellaneous Goods and Services at 0.9 percent; and Financial Services at 0.0 percent. (Table 2)
Table 2. Year-on-Year Inflation Rates in Apayao, By Commodity Groups in Percent (2018=100)
CONCEPTS AND DEFINITIONS
Consumer Price Index (CPI) measures the overall change in consumer prices based on a representative basket of goods and services over time.
Inflation refers to an overall increase in the Consumer Price Index (CPI), which is a weighted average of prices for different goods.
Commodity Groups are group of goods and services found in the market basket.
| Attachment | Size |
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 Summary Inflation Report of the Consumer Price Index |
233.21 KB |