14/02/2011 22:10

CPI JANUARY 2011

 

PRICE SITUATION: Year-On-Year

The CPI for all income households for the province of Camarines Sur is 164.5 index points in January 2011. This figure is 3.79 percent higher than the CPI in January 2010 of 158.5 index points.

This month’s provincial inflation rate is 3.8 percentage points. Compared to December 2010 inflation rate of 3.1 percentage points, this month’s rate is higher by 22.58 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 (10.72%); Food, Beverages and Tobacco (4.03%); Services (2.58%); Clothing (0.91%); Miscellaneous (1.70%); and Housing & Repairs (1.42%).      

PRICE SITUATION: Month-On-Month

Prices in Camarines Sur for the month of January 2011 went up to 1.23 percent from 0.68 percent growth in December 2010. Food, Beverages and Tobacco (FBT) group index recorded an increase from 0.55 percent in December 2010 to 1.58 percent in January 2011.  A higher price was noted in Fish Items at 2.67 percent in January 2011 from 0.83 percent in December 2010. Meat Items also increased from 0.32 percent in December 2010 to 1.01 percent in January 2011. Miscellaneous Foods Items decreased from 1.52 percent in December 2010 to 0.80 percent in January 2011. Fruits and Vegetables, Beverages, and Tobacco reflected a slight price increase from 1.05 percent, 0.12 percent and 0.67 percent in December 2010 to 1.55 percent, 0.18 percent and 0.74 percent in January 2011 respectively. Dairy Products remained at its posted index points of 147.0 percent. Eggs Item increased from 0 percent growth in December 2010 to 0.67 percent in January 2011.

Non-food reflected a slight price decrease from 0.82 percent in December 2010 to 0.75 percent in January 2011. Clothing remained at its posted index points of 122.3 Fuel, Light  and Water decreased from 3.80 percent in December 2010 to 1.33 percent in January 2011. Housing and Repairs, Services and Miscellaneous Groups increased from 0 percent, 0.37 percent, 0.08 percent in December 2010 to 1.04 percent, 0.74 percent, and 0.23 percent in January 2011 respectively.

As a result of the price trends cited above, the Purchasing Power of Peso (PPP) of the province of Camarines Sur decreased to 0.61.

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