CPI SEPTEMBER 2010
PRICE SITUATION: Year-On-Year
The CPI for all income households for the province of Camarines Sur is 160.6 index points in September 2010. This figure is 3.55 percent higher than the CPI in September 2009 of 155.1 index points.
This month’s provincial inflation rate is 3.5 percentage points. Compared to August 2010 inflation rate of 3.6 percentage points, this month’s rate is lower by -2.78 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 (7.14%); Food, Beverages and Tobacco (4.01%); Services (2.01%); Clothing (1.16%); Miscellaneous (1.55%); and Housing & Repairs (2.83%).
PRICE SITUATION: Month-On-Month
Prices in Camarines Sur for the month of September 2010 went up to 0.12 percent from zero growth in August 2010. A higher price was noted in Food, Beverages and Tobacco (FBT) group index at 0.43 percent from 0.31 percent in May. Among its subgroup, higher price gain was observed in Fish items at 0.85 percent from -0.35 percent in August 2010. Price decrease was observed in Fruits and Vegetable items from 1.39 percent in August 2010 to -0.38 percent in September 2010. Among Food Items, increase in Cereal and Cereal Preparations were however slower from 171.9 index points in August 2010 to 172.5 index points in September 2010 while indices of Dairy Products, Eggs and Meat remained at its posted index points of 146.9, 163.8, and 161.5 respectively. Beverages decreased by -0.06 percent from 162.1 index points in August 2010 to 162.0 index points in September 2010. Tobacco remained at 135 index points.
Non-Food items recorded a decrease of -0.19 percent from 157.7 to 157.4 index points. Clothing, Housing and Repairs, and Miscellaneous groups remained at its posted index points at 122.1, 134.3, and 130.9 respectively. Fuel, Light and Water reflected a decrease of -0.67 percent from 179.7 to 178.5 index points. Services group also decreased by -0.21 % from 188.6 to 188.2 index points.
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.