CPI APRIL 2011
PRICE SITUATION: Year-On-Year
The CPI for all income households for the province of Camarines Sur is 166.0 index points in April 2011. This figure is 4.14 percent higher than the CPI in April 2010 of 159.4 index points. This month’s provincial inflation rate is 4.1 percentage points. Compared to March 2011 inflation rate of 4.3 percentage points, this month’s rate is lower by -4.65 percent. The level of the province’s inflation rate could be attributed to the changes in the indices of major commodity groups, namely, Fuel, Light and Water (13.55%); Food, Beverages and Tobacco (4.02%); Services (3.58%); Clothing (0.33%); Miscellaneous (0.92%); and Housing & Repairs (1.79%).
PRICE SITUATION: Month-On-Month
Prices in Camarines Sur for the month of April 2011 went up slightly by 0.12 percent from 0.48 percent month-on-month change in March 2011. Food, Beverages and Tobacco (FBT) group index recorded a decrease of -0.18 percent in April 2011 from 0.12 percentage points in March 2011. Cereal and Cereal Preparations, Fruits and Vegetables and Miscellaneous Foods also decreased to -0.23 percent, -3.57 percent, and -0.45 percent in April 2011 from -0.79 percent, 1.52 percent, and -0.30 percent in March 2011, respectively. Dairy products and Fish slightly increased by 0.07 percent and 1.71 percent in April 2011 from 1.77 percent and 1.13 percent in March 2011. Meat slightly decreased by -0.06 in April 2011 from -0.12 percent in March 2011. Eggs reflected zero percent change in April 2011. Increase of prices was also noted in Beverages and Tobacco by 0.18 percent and 2.33 percent in April 2011 from 0.80 percent and 1.43 percent in March 2011.
Non-Food Items slightly increased from 0.99 percent change in March 2011 to 0.55 percent in April 2011. Housing and Repairs, Fuel, Light and Water, and Services also reflected an increase of 0.07 percent, 1.88 percent, and 0.47 percent, respectively. Clothing and Miscellaneous Groups remained at its posted index points of 122.4 and 132.0, reflecting zero percent change for April 2011.
As a result of the price trends cited above, the Purchasing Power of Peso (PPP) of the province of Camarines Sur remained at 0.60.