Prices Release

Highlights of the Consumer Price Index in Northern Mindanao for the Month of June 2020 (2012=100)

Reference Number: PSAX-SR-2020-10
Release Date: July 21, 2020

The Consumer Price Index in Northern Mindanao for the month of June 2020 registered at 127.1 which implies that the price of a basket of goods in June 2020 was 27.1 percent higher than its price in 2012.  The Consumer Price Index is an indicator of the change in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to a base year.  Figure 1 shows the CPI for Northern Mindanao for May to June 2019 and May to June 2020.

            

 

Among the commodity groups, Alcoholic Beverages and Tobacco posted the highest CPI in June 2020 at 228.7, followed by Housing, Water, Electricity, Gas, and Other Fuels at 142.6, and Health at 133.8. On the other hand, Recreation and Culture at 114.8, Communication at 106.1 and Transport at 105.1 were the bottom three with the lowest CPI recorded in the month of June 2020 (Figure 2).

           

 

Table 1 presents the CPI for all commodity groups in Northern Mindanao by province for the month of June 2019 and June 2020. All provinces demonstrated an increase in CPI for June 2020 with Misamis Occidental posting the highest at 129.3 and Camiguin posting the lowest at 123.8.

            

 

INFLATION RATE

 

Figure 3 shows the inflation rate for all items in Northern Mindanao from June 2019 to June 2020. The region’s inflation rate decreased by 2.2 percentage points, from 3.7 percent in the same period of last year to 1.5 percent at the current year. This means that prices of goods in June this year increased at a slower pace than its rate of increase in June 2019.

            

 

Among all provinces in Northern Mindanao, the province of Bukidnon posted the highest inflation rate at 3.2 percent, followed by Camiguin at 2.3 percent, and Lanao del Norte at 1.0 percent.  Meanwhile, the provinces of Misamis Occidental and Misamis Oriental posted the lowest inflation rate at 0.9 percent in June 2020 (Table 2).         

          

 

PURCHASING POWER OF PESO (PPP)

 

The Purchasing Power of Peso (PPP) shows the real value of the peso relative to the base period. The PPP in Northern Mindanao dropped to PhP 0.79 in June 2020. This means that a consumer’s PhP 100 in 2012 can only purchase PhP 79 worth of goods and services in June 2020.

All provinces in Northern Mindanao showed a lower PPP in June 2020 compared to June 2019, except for Lanao del Norte (Figure 4).

           

Among the June 2020 PPP of the provinces, Bukidnon posted the highest decline of 0.03 pesos followed by Camiguin which declined by 0.02 pesos. Misamis Occidental and Misamis Oriental also declined by 0.01 pesos while the PPP of Lanao del Norte in June 2020 remained the same.

 

 

RUBEN D. ABARO, JR., CESE
Regional Director

 

 

TECHNICAL NOTES

 

Consumer Price Index (CPI) – The CPI is an indicator of the changes in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to a base year.

Used of CPI – CPI is most widely used in the calculation of the inflation rate and purchasing power of peso. It is a major statistical series used for economic analysis and as a monitoring indicator of government economic policy.

Computation of CPI – The computation of the CPI involves consideration of the following important points:

a. Base Period – The reference data or base period is the benchmark or reference date or period at which the index is taken as equal to100.

b. Market Basket – A sample of the thousands of varieties of goods purchased for consumption and services availed by the households in the country selected to represent the composite price behavior of all goods and services purchased by consumers.

c. Weighing System – The weighing pattern uses the expenditures on various consumer items purchased by households as a proportion to total expenditure.

d. Formula – The formula used in computing the CPI is the weighted arithmetic mean of price relatives, the Laspeyre’s formula with a fixed base year period (2012) weights.

e. Geographic Coverage – CPI values are computed at the national, regional, and provincial levels, and for selected cities.

Inflation Rate (IR) – is the rate of change of the CPI expressed in percent. Inflation is interpreted in terms of declining purchasing power of peso.

Purchasing Power of Peso (PPP) – shows how much the peso in the base period is worth in the current period. It is computed as the reciprocal of the CPI for the period under review multiplied by 100.

 

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Highlights of the Consumer Price Index in Northern Mindanao for the month of April 2020 (2012=100)

Reference Number: PSAX-SR-2020-07
Release Date: May 21, 2020

The Consumer Price Index in Northern Mindanao for the month of April posted at 126.5 which implies that the price of a basket of goods was 26.5 higher than its prices in 2012. Consumer Price Index (CPI) is used as an indicator to measure the changes in the average retail prices of one basket of goods and services commonly purchased by a particular group of people. Figure 1 shows the Consumer Price Index in the region for the month of April in years 2019 and 2020, with 2012 as the base year.

Among the commodity groups, Alcoholic Beverages and Tobacco registered the highest CPI in April 2020 at 222.7 followed by Housing, Water, Electricity, Gas and Other Fuels at 142.7 and Health at 133.7. On the other hand, Recreation and Culture with 114.7, Communication at 106.1 and Transport at 100.4 was the bottom three with the lowest CPI posted in the month of April 2020 as shown in Figure 2.

Presented below in Table 1 is the Consumer Price Index for All Income Households by province in Northern Mindanao for the period of April 2019 and April 2020.

As shown in Table 1, the province of Misamis Occidental registered the highest CPI for all items at 128.9 and the province with lowest CPI registered as of April 2020 was in Camiguin at 123.4.

INFLATION RATE

Inflation rate refers to the percent change in the average prices of goods and services typically purchased by consumers compared to prices a year ago. Figure 3 below displays the inflation rate for all items in Northern Mindanao from April 2019 to April 2020. The inflation rate of the region decreases by 2.9 percentage points, from 4.3 percent in the same period of last year to 1.4 percent at current year.

Figure 4 displays the year-on-year inflation rate of all items by province for the month of April 2019 and 2020.

The province of Bukidnon had the highest inflation rate registering at 2.7 percent in April 2020. On the other hand, the province registering the lowest inflation rate in April 2020 was Camiguin at 0.2 percent. All the provinces demonstrated a decrease in inflation rates as compared to the same period in the previous year. This means that prices of goods increased at a slower rate in April 2020 as compared to its rate of increase in April 2019.

PURCHASING POWER OF PESO (PPP)

The Purchasing Power of Peso (PPP) shows how much the peso in the base period is worth in the current period. The PPP in Northern Mindanao is at P0.79 for the month of April 2020. This value means that the goods and services that are worth one peso (P1.00) in the year 2012, the current value of it decreases into seventy-nine centavos (P0.79).

This figure shows the comparative year-on-year purchasing power of peso of the provinces in Northern Mindanao from April 2019 and 2020.

Among the provinces, Bukidnon posted the biggest decline in purchasing power of peso by 0.02 pesos for the month of April 2020. On the other hand, Lanao del Norte and Misamis Occidental had a reduced purchasing power of peso by 0.01 pesos while Camiguin and Misamis Oriental recorded the same value as compared to the same period last year.
 

 

RUBEN D. ABARO, JR., CESE
Regional Director

 

 

 

TECHNICAL NOTES

Consumer Price Index (CPI) – The CPI is an indicator of the changes in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to a base year.

Used of CPI – CPI is most widely used in the calculation of the inflation rate and purchasing power of peso. It is a major statistical series used for economic analysis and as a monitoring indicator of government economic policy.

Computation of CPI – The computation of the CPI involves consideration of the following important points:

  1. Base Period – The reference data or base period is the benchmark or reference date or period at which the index is taken as equal to100.
     
  2. Market Basket – A sample of the thousands of varieties of goods purchased for consumption and services availed by the households in the country selected to represent the composite price behavior of all goods and services purchased by consumers.
     
  3. Weighing System – The weighing pattern uses the expenditures on various consumer items purchased by households as a proportion to total expenditure.
     
  4. Formula – The formula used in computing the CPI is the weighted arithmetic mean of price relatives, the Laspeyre’s formula with a fixed base year period (2012) weights.
     
  5. Geographic Coverage – CPI values are computed at the national, regional, and provincial levels, and for selected cities.
     

Inflation Rate (IR) – is the rate of change of the CPI expressed in percent. Inflation is interpreted in terms of declining purchasing power of peso.

Purchasing Power of Peso (PPP) – shows how much the peso in the base period is worth in the current period. It is computed as the reciprocal of the CPI for the period under review multiplied by 100.

 

 

For further inquiries, you may contact:

 

Statistical Operations & Coordination Division
Philippine Statistics Authority Regional Statistical Service Office 10
2nd Floor, Bldg. 4, Pride Rock Business Park
Gusa Highway, Cagayan de Oro City
Email: psaregion10@gmail.com
Telefax: (088) 856-477

 

 

 

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Highlights of the Consumer Price Index in Northern Mindanao for the month of March 2020 (2012=100)

Reference Number: PSAX-SR-2020-06
Release Date: May 5, 2020
Figure 1 shows the Consumer Price Index in Northern Mindanao for the period of February 2019 & 2020 and March 2019 & 2020. March 2020 CPI posted at 126.8 which implies that the price of a basket of goods in March was 26.8 percent higher than the price of the same basket of goods in 2012.
 
 
Among the commodity groups, Alcoholic Beverages and Tobacco registered the highest CPI in March 2020 at 222.0, followed by Housing, Water, Electricity, Gas, and Other Fuels at 143.5 and Health at 133.6. On the other hand, Recreation and Culture with 114.7, Communication at 106.1 and Transport at 104.7 were the bottom three with the lowest CPI registered, respectively, in March 2020 (Figure 2).
 
 
 
Table 1 presents the Consumer Price Index of Commodity Groups by province in Northern Mindanao for the month of March 2019 and 2020. Among the provinces, Misamis Occidental recorded the highest CPI in March 2020 at 128.0. Meanwhile, Misamis Oriental posted a CPI of 127.2 from 124.7 of March 2019. On the other hand, the province of Camiguin remained the lowest registered CPI (Table 1).
 
INFLATION RATE
 
Figure 3 displays the Inflation rate of all items in Northern Mindanao from March 2019 to March 2020. The region’s inflation rate decelerated by 2.1 percentage points. This means that prices increase at a slower rate in March 2020 at 2.0 percent, from its recorded inflation of 4.1 percent in March 2019. Among provinces in Northern Mindanao, the province of Bukidnon displays the highest inflation rate at 2.4 percent in March 2020, followed by the province of Lanao del Norte at 2.3 percent, Misamis Oriental at 2.0 percent and Camiguin at 1.8 percent. Meanwhile, the province of Misamis Occidental posted the lowest inflation rate at 1.4 percent in March 2020 (Table 2).
 
 
PURCHASING POWER OF PESO (PPP)
 
The Purchasing Power of Peso (PPP) in Northern Mindanao dropped to P0.79 in March 2020 from P0.80 in the previous year. This value means that the goods and services that is worth one peso (P1.00) in the year 2012, decreases and worth seventy nine centavos (P0.79) in March 2020. Also, it means that a basket of goods bought worth 100 pesos in the year 2012, is worth 126.8 pesos in March 2020. 
 
All provinces  except Lanao del Norte posted a decline in its purchasing power as shown in Figure 4. Lanao del Norte’s purchasing power remained steady at PhP 0.81.
 
 
 
RUBEN D. ABARO, JR., CESE
Regional Director
 
 
BMC/MBC
 
 
For further inquiries, you may contact: 
 
Statistical Operations & Coordination Division 
Philippine Statistics Authority Regional Statistical Service Office 10 
2nd Floor, Bldg. 4, Pride Rock Business Park
Gusa Highway, Cagayan de Oro City 
 
Telefax: (088) 856-4778
 
TECHNICAL NOTES
 
Consumer Price Index (CPI) – The CPI is an indicator of the changes in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to a base year.
 
Used of CPI – CPI is most widely used in the calculation of the inflation rate and purchasing power of peso. It is a major statistical series used for economic analysis and as a monitoring indicator of government economic policy.
 
Computation of CPI – The computation of the CPI involves consideration of the following important points:
 
a. Base Period – The reference data or base period is the benchmark or reference date or period at which the index is taken as equal to100.
 
b. Market Basket – A sample of the thousands of varieties of goods purchased for consumption and services availed by the households in the country selected to represent the composite price behavior of all goods and services purchased by consumers.
 
c. Weighing System – The weighing pattern uses the expenditures on various consumer items purchased by households as a proportion to total expenditure.
 
d. Formula – The formula used in computing the CPI is the weighted arithmetic mean of price relatives, the Laspeyre’s formula with a fixed base year period (2012) weights.
 
e. Geographic Coverage – CPI values are computed at the national, regional, and provincial levels, and for selected cities.
 
Inflation Rate (IR) – is the rate of change of the CPI expressed in percent. Inflation is interpreted in terms of declining purchasing power of peso.
 
Purchasing Power of Peso (PPP) – shows how much the peso in the base period is worth in the current period. It is computed as the reciprocal of the CPI for the period under review multiplied by 100.
 
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Highlights of the Consumer Price Index in Northern Mindanao for the Month of February 2020 (2012=100)

Reference Number: PSAX-SR-2020-04
Release Date: March 20, 2020

The price of a basket of goods in February 2020 in Northern Mindanao is higher than its prices in 2012 by 26.9 percent..

Figure 1 shows the year-on-year Consumer Price Index (CPI) in Northern Mindanao for the period of January 2019 and 2020 and February 2019 and 2020. February 2020 CPI recorded at 126.9. This implies that the price of goods in February 2020 was 26.9 percent higher than the price of goods in 2012.

 

Among the commodity groups, Alcoholic Beverages and Tobacco registered the highest CPI in February 2020 at 221.0; followed by Housing, Water, Electricity, Gas and Other Fuels at 143.5; and Health at 133.4. On the other hand, Recreation and Culture with 114.6, Transport at 106.8 and Communication at 106.1 were the bottom three with the lowest CPI posted in the month of February 2020 as shown in Figure 2.

Presented below in Table 1 is the CPI for all income households by province in Northern Mindanao for the period of February 2019 and February 2020.

As shown in Table 1, all the provinces exhibited an increase in CPI for all items as compared to the same period last year. Across the provinces, the province of Misamis Occidental registered the highest CPI for all items at 128.6 and the province which registered the lowest CPI was Camiguin at 123.3.

 

INFLATION RATE

 

Inflation rate refers to the percent change in the average prices of goods and services typically purchased by consumers compared to prices a year ago. Figure 3 below displays the Inflation rate for all items in Northern Mindanao from January 2019 and January 2020. The inflation rate of the region decreased by 2.5 percentage points, slowing down the inflation rate to 2.1 percent from the rate of inflation of     4.6 percent of the same period last year.

 

 

Figure 4 displays the year-on-year inflation rate of all items by province for the month of February 2019 and 2020.

The province of Camiguin recorded the highest inflation rate of 2.5 percent in February 2020 while Misamis Occidental posted the lowest inflation of 1.7 percent. All of the provinces showed slower inflation rates as compared to the previous year.

 

PURCHASING POWER OF PESO (PPP)

 

The Purchasing Power of Peso (PPP) shows how much the peso in the base period is worth in the current period. The PPP in Northern Mindanao is at P0.79 for the month of February 2020. This value means that the goods and services that are worth one peso (P1.00) in the year 2012, the current value of it decreases into seventy-nine centavos (P0.79).

 

Figure 5 shows the comparative year-on-year purchasing power of peso of the provinces in Northern Mindanao for the month of February.

Among the provinces, Bukidnon had the biggest decline in the purchasing power of peso by PhP 0.02.

 

 

 

(Sgd.)RUBEN D. ABARO, JR., CESE
Regional Director

TECHNICAL NOTES

 

Consumer Price Index (CPI) - The CPI is an indicator of the changes in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to a base year. 

Uses of CPI - CPI is most widely used in the calculation of the inflation rate and purchasing power of peso. It is a major statistical series used for economic analysis and as a monitoring indicator of government economic policy.

Computation of CPI - The computation of the CPI involves consideration of the following important points: 

a. Base Period -The reference date or base period is the benchmark or reference date or period at which the index is taken as equal to 100. 

b. Market Basket- A sample of the thousands of varieties of goods purchased for consumption and services availed by the households in the country selected to represent the composite price behavior of all goods and services purchased by consumers.

c. Weighting System -The weighting pattern uses the expenditures on various consumer items purchased by households as a proportion to total expenditure.

d. Formula -The formula used in computing the CPI is the weighted arithmetic mean of price relatives, the Laspeyre’s formula with a fixed base year period (2012) weights. 

e. Geographic Coverage- CPI values are computed at the national, regional, and provincial levels, and for selected cities.  

 

Inflation Rate (IR)- is the rate of change of the CPI expressed in percent. Inflation is interpreted in terms of declining purchasing power of peso. 

Purchasing Power of Peso- shows how much the peso in the base period is worth in the current period. It is computed as the reciprocal of the CPI for the period under review multiplied by 100.

 

For further inquiries, you may contact:

Statistical Operations & Coordination Division

Philippine Statistics Authority - Regional Statistical Service Office 10

2nd Floor, Bldg. 4, Pride Rock Business Park                                              

Gusa Highway, Cagayan de Oro City                                                            

Email: psaregion10@gmail.com

Telefax: (088) 856-4778 

 

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Highlights of the Consumer Price Index in Northern Mindanao for the Month of January 2020 (2012=100)

Reference Number: PSAX-SR-2020-03
Release Date: February 14, 2020

The Consumer Price Index in Northern Mindanao for the month of January posted at 126.6 which imply that the price of one basket of goods was 26.6 higher than the price of goods in year 2012. Consumer Price Index (CPI) is used as an indicator to measure the changes in the average retail prices of one basket of goods and services that commonly purchased by a particular group of people. Figure 1 shows the Consumer Price Index in the region for the period of January 2019 & 2020 with 2012 as the base year.

Among the commodity groups, Alcoholic Beverages and Tobacco registered the highest CPI in January 2020 at 217.1 followed by Housing, Water, Electricity, Gas and Other Fuels at 143.5 and Health at 131.7. On the other hand, Recreation and Culture with 114.6, Transport at 107.8 and Communication at 106.1 were the bottom three with the lowest CPI posted in the month of January 2020 as shown in figure 2.

Presented below in table 1 is the Consumer Price Index for All Income Households by province in Northern Mindanao for the period of January 2019 and January 2020.

As shown in table 1, all the provinces exhibited an increase in Consumer Price Index for all items as compared to the same period last year. Across the provinces, the province of Misamis Occidental registered the highest CPI for all items at 128.8 and the province with lowest CPI registered as of January 2020 was Camiguin at 123.4.

Based on the percent change from January 2019 to January 2020, Misamis Occidental ranked first with highest increase in CPI of 2.6 percent from 125.5, followed by Misamis Oriental with an increase of 2.3 percent from 124.1 last January of 2019. Camiguin had an increase of 2.1 percent in CPI from 120.9 and Lanao del Norte had increase of 1.8 percent in CPI from 123.1 on same period last year. Meanwhile the province of Bukidnon had the lowest increase of 1.7 percent from 124.0 CPI last January 2019.

 

INFLATION RATE

Inflation rate refers to the percent change in the average prices of goods and services typically purchased by consumers compared to prices a year ago. Figure 3 below displays the Inflation rate for all items in Northern Mindanao from January 2019 and January 2020. The inflation rate of the region reduces by 2.5 percentage point from 4.6 percent to 2.1 percent same period last year.

Figure 4 displays the year-on-year inflation rate of all items by province for the month of January 2019 and 2020.

The province of Misamis Occidental had the highest inflation rate registering at 2.6 percent in January 2020. On the other side, the province registered with the lowest inflation rate was Bukidnon at 1.7 percent. All of the provinces demonstrated a decreasing trend as compared to the previous month.

 

PURCHASING POWER OF PESO (PPP)

 

The Purchasing Power of Peso (PPP) shows how much the peso in the base period is worth in the current period. The PPP in Northern Mindanao is at P0.79 for the month of January 2020. This value means that the goods and services that are worth one peso (P1.00) in the year 2012, the current value of it decreases into seventy-nine centavos (P0.79).

This figure shows the comparative year-on-year purchasing power of peso of the provinces in Northern Mindanao from January 2019 and 2020.

 

 

 

(Sgd.)RUBEN D. ABARO, JR., CESE
Regional Director
 
 
 
TECHNICAL NOTES
 
Consumer Price Index (CPI) – The CPI is an indicator of the changes in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to a base year.
 
Used of CPI – CPI is most widely used in the calculation of the inflation rate and purchasing power of peso. It is a major statistical series used for economic analysis and as a monitoring indicator of government economic policy.
 
Computation of CPI – The computation of the CPI involves consideration of the following important points:
 
a. Base Period – The reference data or base period is the benchmark or reference date or period at which the index is taken as equal to100.
 
b. Market Basket – A sample of the thousands of varieties of goods purchased for consumption and services availed by the households in the country selected to represent the composite price behavior of all goods and services purchased by consumers.
 
c. Weighing System – The weighing pattern uses the expenditures on various consumer items purchased by households as a proportion to total expenditure.
 
d. Formula – The formula used in computing the CPI is the weighted arithmetic mean of price relatives, the Laspeyre’s formula with a fixed base year period (2012) weights.
 
e. Geographic Coverage – CPI values are computed at the national, regional, and provincial levels, and for selected cities.
 
Inflation Rate (IR) – is the rate of change of the CPI expressed in percent. Inflation is interpreted in terms of declining purchasing power of peso.
 
Purchasing Power of Peso (PPP) – shows how much the peso in the base period is worth in the current period. It is computed as the reciprocal of the CPI for the period under review multiplied by 100.
 

 

 

For further inquiries, you may contact: 
 
Statistical Operations & Coordination Division 
Philippine Statistics Authority Regional Statistical Service Office 10 
2nd Floor, Bldg. 4, Pride Rock Business Park
Gusa Highway, Cagayan de Oro City 
 
Telefax: (088) 856-477
 
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Highlights of Consumer Price Index in Northern Mindanao December 2019 (2012=100)

Reference Number: PSAX-SR-2020-01
Release Date: January 24, 2020
CONSUMER PRICE INDEX
 
The price of a basket of goods in December 2019 in Northern Mindanao is higher than its prices in 2012 by 25.7 percent…
 
Figure 1 shows the year-on-year Consumer Price Index (CPI) in Northern Mindanao for the period of November 2018 and 2019 and December 2018 and 2019. December 2019 CPI recorded at 125.7. This implies that the price of goods in December 2018 was 25.7 percent higher than the price of goods in 2012.
 
 
Among the commodity groups, Health registered the highest CPI in December 2019 at 127.8. This means that the prices of Health in December 2019 were 27.8 percent higher than its prices recorded in 2012. On the other hand, Transport registered the lowest CPI at 105.0, showing the slowest movement of price from the base year 2012. (See Figure 2)
 
 
INFLATION RATE 
 
December 2018 inflation rate decelerates by 4.3 percentage points from the recorded inflation in the previous year…
 
Figure 3 shows that December 2019 inflation rate decelerated by 4.3 percentage points from the recorded rate in the previous year. This means that prices in December 2019 increased at a slower rate of 1.4 percent from its recorded inflation of  5.7 percent of the same period in the previous year. 
 
Camiguin posted the highest increase of inflation by 5.4 percentage points from 1.5 percent of the previous year…
 
In terms of inflation rate in December 2019, Misamis Oriental had the highest inflation of 2.1 percent. Lanao del Norte, on the other hand, posted 0.0 inflation which means that same prices of goods were observed in the province for the month of December 2019 compared to December 2018.
 
All provinces registered lower inflation rates in December 2019 as compared to the same period in the previous year. This means that prices in December 2019 increased at a slower rate as compared to the rates of the same period in the previous year. (See Figure 4)
 
 
PURCHASING POWER OF PESO (PPP)
 
The real value of the peso in Northern Mindanao in December 2019 is 81 centavos, a decrease of 1 centavo from its value last December 2018 of 85 centavos. Among the provinces, Camiguin recorded the highest PPP at 82 centavos while Misamis Occidental recorded the lowest PPP at 78 centavos as shown in Figure 5.
 
 
 
(Sgd) RUBEN D. ABARO, JR., CESE
Regional Director
 
 
 
 
TECHNICAL NOTES
 
Consumer Price Index (CPI) - The CPI is an indicator of the changes in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to a base year.  
 
Uses of CPI - CPI is most widely used in the calculation of the inflation rate and purchasing power of peso. It is a major statistical series used for economic analysis and as a monitoring indicator of government economic policy. 
 
Computation of CPI - The computation of the CPI involves consideration of the following important points:   
a. Base Period -The reference date or base period is the benchmark or reference date or period at which the index is taken as equal to 100.  
b. Market Basket- A sample of the thousands of varieties of goods purchased for consumption and services availed by the households in the country selected to represent the composite price behavior of all goods and services purchased by consumers. 
c. Weighting System -The weighting pattern uses the expenditures on various consumer items purchased by households as a proportion to total expenditure. 
d. Formula -The formula used in computing the CPI is the weighted arithmetic mean of price relatives, the Laspeyre’s formula with a fixed base year period (2012) weights.  
e. Geographic Coverage- CPI values are computed at the national, regional, and provincial levels, and for selected cities.   
 
Inflation Rate (IR)- is the rate of change of the CPI expressed in percent. Inflation is interpreted in terms of declining purchasing power of peso.  
 
Purchasing Power of Peso- shows how much the peso in the base period is worth in the current period. It is computed as the reciprocal of the CPI for the period under review multiplied by 100.
 
 
For further inquiries, you may contact: 
Statistical Operations & Coordination Division 
Philippine Statistics Authority - Regional Statistical Service Office 10 
2nd Floor, Bldg. 4, Pride Rock Business Park
Gusa Highway, Cagayan de Oro City
Telefax: (088) 856-4778 
 
 
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