The inflation rate in Camiguin increased to 1.4 percent in May 2025

The inflation rate in Camiguin experienced a slight increase in May 2025, rising to 1.4 percent from the 1.3 percent posted in April 2025. In May 2024, inflation rate was higher at 4.3 percent. The province's year-to-date inflation rate is at 2.1 percent. (See Figure 1)

Source: Survey of Retail Prices of Commodities for the Generation of CPI, PSA

In Northern Mindanao, inflation rates in Lanao del Norte and Bukidnon in May 2025 remained at their significant declines in April 2025 at 0.9 percent and 0.7 percent, respectively.

Additionally, inflation rate in Misamis Occidental saw an increase of 0.3 percentage points reaching the 1.0 percent in May 2025, while Misamis Oriental’s inflation rate decelerated to 1.0 percent from 1.8 percent in April 2025. (See Figure 2)

Figure 2 presents the annual inflation rates of the provinces in Region X in May 2025.

Source: Survey of Retail Prices of Commodities for the Generation of CPI, PSA

The annual inflation rate’s increase in the province in May 2025 was primarily caused by the increases in the indices of alcoholic beverages and tobacco and clothing and footwear, both at 6.0 percent from 5.7 percent and 5.0 percent, respectively.

On the contrary, the following commodity groups posted lower rate of increases:

• Furnishings, household equipment, and routine household maintenance, 2.0 percent;

• Health, 2.7 percent;

• Transport, 10.2 percent; and

• Personal care and miscellaneous goods and services, 2.2 percent.

Moreover, housing, water, electricity, gas and other fuels declined slower at 1.1 percent in May 2025. Meanwhile, food and non-alcoholic beverages, information and communication, recreation, sports and culture, education services, restaurants and accommodation services, and financial services, maintained the same inflation rates with that of April 2025. (See Table 1)

Table 1. Year-on-Year Inflation Rates by Commodity Froup,
Camiguin (2018 = 100)

Source, Survey of Retail Prices of Commodities for the Generation of CPI PSA

The deflation of food in May 2025 was primarily brought about by the decline of heavily weighted rice at 7.2 percent. Declines were also registered in cereals and cereals products (5.8%), fish and other seafood (0.1%), and ready-made food and other food products n.e.c. (1.3%).

Moreover, slower rate of increases was noted in the following food items:

• Flour, bread and other bakery products, pasta products, and other cereals, 2.4 percent;

• Meat and other parts of slaughtered land animals, 0.6 percent;

• Fruits and nuts, 5.6 percent

• Vegetables, tubers, cooking bananas and pulses, 2.0 percent; and

• Sugar, confectionery and desserts, 3.8 percent;

On the other hand, faster rate of increases was registered in the food groups of Milk, other dairy products, and eggs at 5.9 percent and Oils and fats at 3.6 percent in May 2025. (See Table B and Table 1A)

Table B. Year-on-Year Inflation Rates by Food Group:

Camiguin (2018=100)

Top of Form

(SGD.)FRANCISCO C. GALAGAR, JR.

Chief Statistical Specialist

Technical Notes

This Special Release presents the results of the Survey of Retail Prices of Commodities and Services for the Generation of Consumer Price Index (CPI) conducted in May 2025.

CPI

The CPI is an indicator of the change in the average retail prices of a fixed basket of goods and services commonly purchased by households for their day-to-day consumption relative to a base year.

Uses of the CPI

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

The CPI is also used as a deflator to express value series in real terms, which is, measuring the change in actual volume of transactions by removing the effects of price changes. Another major importance of the CPI is its use as a basis to adjust wages in labor-management contracts and pensions and retirement benefits. The CPI also inputs wage adjustments through collective bargaining agreements.

Components of the CPI

a. Base Period

This is a reference date or simply a convenient benchmark to which a continuous series of index numbers can be related. Since the CPI measures the average changes in the retail prices of a fixed basket of goods, it is necessary to compare the movement in previous years back to a reference date at which the index is taken as equal to 100.

The present series uses 2018 as the base year. The year 2018 was chosen as the base year because it is the year when the Family Income and Expenditure Survey (FIES) was conducted. The FIES is the basis of the CPI weights.

b. Market Basket

Market basket refers to a sample of thousands of varieties of goods purchased for consumption and services availed by households in the country. It was selected to represent the composite price behavior of all goods and services purchased by the consumers.

c. Weighting System

The weighting system is a desirable system that considers the relevance of the components of the index. For the CPI, the weighting pattern uses the expenditures on various consumer items purchased by households as a proportion to total expenditures.

d. Geographic Coverage

CPI values are computed at the national, regional, and provincial levels, and for selected cities. A separate CPI for NCR is also computed.

e. Classification Standards

The 2012-based CPI series is the first in the series that used the 1999 United Nations Classification of the Individual Consumption According to Purpose (COICOP) in determining the commodity groupings of the items and services included in the market basket. The 2018-based CPI also follows the 2015 Philippine Standard Geographic Classification codes.

Inflation Rate

The inflation rate (IR) is the annual or monthly rate of change of the CPI in percent. It is interpreted in terms of the declining purchasing power of money.

Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index, Philippine Statistics Authority