CPI DECEMBER 2011
PRICE SITUATION: Year-On-Year
The CPI for all income households for the province of Camarines Sur remained at 167.2 in December 2011.
This month’s provincial inflation rate is 2.9 percentage points. Compared to November 2011’s inflation rate of 3.6 percentage points, this month’s rate is lower by 19.44 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 (7.11%); Food, Beverages and Tobacco (2.91%); Services (2.01%); Clothing (0.74%); Miscellaneous (1.22%); and Housing & Repairs (1.71%).
PRICE SITUATION: Month-On-Month
Prices in Camarines Sur for the month of December 2011 decreased to zero percentage point from 0.48 growth in November 2011. A lower price was noted in Food, Beverages and Tobacco (FBT) group index from 0.89 percent in November 2011 to negative 0.35 in December 2011. Among its subgroup, lower price gain was observed in Cereal & Cereal Preparations from 0.06 percent in November 2011 to zero growth in December 2011. Dairy Products slightly increased by 0.27 percent in December 2011 from 0 percent growth in November 2011. A decrease of 1.34 was noted in Fruits and Vegetable Items from 9.05 percentage points in November 2011. Eggs Item remained at its posted index point of 171.8. Fish, Meat and Miscellaneous Food Items slightly decreased to 1.17 percent, 0.06 percent, and 0.36 percent in December 2011 from 0.46 percent, zero percent, and 0.05 percentage points in November 2011, respectively. Beverages also slightly decreased from 0.06 percent in November 2011 to 0 percent change in December 2011. No change was noted in Tobacco as it remained at its posted index point of 147.5
Non-Food recorded an increase of 0.49 percent in December 2011 from 0 percent in November 2011. Clothing, Miscellaneous and Fuel, Light and Water groups also increased to 0.16 percent, 0.08 percent, and 3.33 percent from 0.08 percent, 0 percent and negative 0.26 percent, respectively. Housing and Repairs remained at its posted points 0f 136.7
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.