|
|
PRICE
SITUATION
Annual inflation rate in the Bicol Region registered an
eight-month high in December, gaining 1.3 percentage points over
the November 2009 level. December's 5.5 percent inflation rate
was the highest since April when it hit 6.1 percent. The
year-on-year change was placed 2.6 percentage points lower than
the rate registered in same period in 2008 and 1.1 percentage
points faster than the national average. This was due to the
rise in prices of basic commodities particularly food and fuel.
Region II (Cagayan Valley) and ARMM recorded the highest
inflation at 6.5 percent while Region VII (Central Visayas)
posted the lowest at 2.7 percent. The average inflation rate for
2009 was placed at 4.6 percent, down sharply from the 9.5
percent of 2008.
  
  
  
Inflation rate of the Fuel, Light and Water commodity group
soared to 10.0 percent, up by 8.4 percentage points from its
level in November. The rest of the commodity groups had varying
increases: Services (2.0 percentage points), Food, Beverages and
Tobacco (0.7 percentage point), Housing and Repairs (0.2
percentage point) and Clothing (0.1 percentage point).
Miscellaneous commodity items managed to slip by 0.4 percentage
point. Higher inflation rates were observed for most of the food
items included in the region's market basket such as fish,
fruits and vegetables, meat and miscellaneous foods, resulting
to the overall rise in the Food group, the biggest component of
the region's consumer basket.
The region's average monthly Consumer Price Index (CPI) was
placed at 164.4, up by 0.8 percentage point from last month's
index. Indices in all commodity groups went up led by the Fuel,
Light and Water commodity group with a 4.3-point increase,
Services by 1.0 point, Food, Beverages and Tobacco by 0.7
percentage point, Clothing by 0.2 percentage point and
Miscellaneous by 0.1 percentage point. Housing and Repairs
remained unchanged from its level the previous month.
Consumer Price Index and
Inflation Rate
by Commodity Group
Region V: December and November 2009
(2000=100)
|
Commodity Group |
CPI |
Inflation Rate* |
|
December |
November |
December |
November |
|
All
Items |
164.40 |
163.60 |
5.50 |
4.20 |
|
Food, Beverages & Tobacco |
166.00 |
165.30 |
6.90 |
6.20 |
|
Clothing |
134.50 |
134.30 |
1.50 |
1.40 |
|
Housing and Repairs |
146.80 |
146.80 |
0.80 |
0.60 |
|
Fuel, Light and Water |
188.60 |
184.30 |
10.00 |
1.60 |
|
Services |
187.60 |
186.60 |
3.70 |
1.70 |
|
Miscellaneous |
132.00 |
131.90 |
2.10 |
2.50 |
* - year-on-year change
On a month-on-month basis, average inflation rate in the
Bicol Region managed to decline by 0.3 percentage point.
Decline in inflation rates of the Food group and
Miscellaneous commodity group were observed while Fuel,
Light and Water surged by 2.1 percentage points, Services by
0.5 percentage point and Clothing inched up by a 0.1
percentage point. Housing and Repairs sustained its previous
month's level.
The
purchasing power of the peso in Bicol Region stayed at 61
centavos in December 2009 from P1.00 in 2000.
(NSCB Region 5 / Source of basic
data: National
Statistics Office /Date Posted:
January 11, 2010)
back to top |
