CPI NOVEMBER 2010
PRICE SITUATION: Year-On-Year
The CPI for all income households for the province of Camarines Sur is 161.4 index points in November 2010. This figure is 4.31 percent higher than the CPI in November 2009 of 157.6 index points.
This month’s provincial inflation rate is 2.9 percentage points. Compared to October 2010 inflation rate of 3.2 percentage points, this month’s rate is lower by -9.38 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 (6.20%); Food, Beverages and Tobacco (2.12%); Services (2.05%); Clothing (0.99%); Miscellaneous (1.55%); and Housing & Repairs (2.83%).
PRICE SITUATION: Month-On-Month
Prices in Camarines Sur for the month of November 2010 went down to 0.19 percent from 0.31 percent growth in October 2010. Food, Beverages and Tobacco (FBT) group index recorded a decrease from 0.31 percent in October 2010 to 0.18 percent in November 2010. A higher price was noted in Fruits and Vegetables items at 2.53 percent in November 2010 from 0.15 percent in October 2010. Miscellaneous Foods slightly increased from 0.31 percent in October 2010 to 1.03 percent in November 2010. Eggs items also reflected a slow price increase from 0.06 percent in October 2010 to 0.12 percent in November 2010. Price decrease was observed in Meat and Fish Items from -0.93 and 1.89 percent in October 2010 to -0.88 and -0.75 percent in November 2010. Dairy Products and Cereal & Cereal Preparation remained at its posted index points of 147.0 and 172.7. Beverages and Tobacco Items also remained at 162.1 and 135.0 index points while Non-Food Items reflected a slight increase of 0.25 percent from 157.8 to 158.2 index points in November 2010.
A 0.67 percent price decrease in November 2010 was noted in Fuel, Light and Water group from 1.06 percent in October 2010. Miscellaneous group also increased from 0.08 percent in October 2010 to 0.15 percent in November 2010. Increase in Clothing, Housing and Repairs and Services group were however slower at 0.08, 0, and 0.16 percent in October 2010 to 0.08, 0.07, 0.21 percent in November 2010, respectively.
As a result of the price trends cited above, the Purchasing Power of Peso (PPP) of the province of Camarines Sur remained at 0.62.