The Consumer Price Index (CPI) in Misamis Occidental for the month of November 2022 increased at 119.8 from 118.8 in the month of October 2022. This implies that the same basket of goods and services worth 100 pesos in 2018 has increased by 19.8 percent in November 2022. 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 relative to a base year. In comparison to the CPI recorded in the months of October and November of the previous year, it has increased from 111.2 and 111.5 to 118.8 and 119.8 in October and November 2022 respectively. (Figure 1)

Among the commodity groups, Alcoholic Beverages and Tobacco posted the highest CPI in 2022 at 157.7, followed by Financial Services at 146.0 and Transport at 137.0. On the other hand, Information and Communication at 110.5, Education Services at 105.1 and Recreation, Sport, and Culture at 103.8 were the bottom three commodity groups with the lowest CPI recorded in the month of November 2022. (Figure 2)

November 2022 Inflation Rate (IR) in the Province Rose by 0.6

Provincial inflation in November 2022 rose to 7.4 from 6.8 percent in October 2022. This has been the highest recorded inflation ever. On the other hand, the year-on-year provincial inflation increased from 4.8 percent in November 2021. (Figure 3)

Purchasing Power of Peso (PPP)

The Purchasing Power of Peso (PPP) shows the real value of peso relative to the base period. The PPP in Misamis Occidental in November 2022 dropped to 0.83 from 0.84 in the previous month and is lower by 0.07 compared to 0.90 last November 2021. This means that a consumer’s PhP100.00 in 2018 can only purchase PhP83.00 worth of goods and services in November 2022. (Figure 4)

Prepared by:

(SGD) MARK LESTHER P. PATIC

Statistical Analyst (COSW)

Approved by:

(SGD) MARIA LIZA M. BIGORNIA

Chief Statistical Specialist

PSA - Misamis Occidental