Special Release (2006=100) (2006=100)

Transcription

1 Special Release PHILIPPINE STATISTICS AUTHORITY PROVINCE OF AKLAN Volume IV Number 7 August INQUIRIES: For more information write or call: Philippine Statistics Authority N. Roldan St., Poblacion, Kalibo, Aklan Tel Nos. (036) / or nso_aklan@yahoo.com The Consumer Price Index of Aklan: YEAR-ON-YEAR PRICE SITUATION RESTAURANTS AND MISCELLANEOUS Figure 1. CPI by Commodity Group, Aklan: 2014 and CPI decreases by 2.0 percent The price data in showed a downward movement, particularly in consumer goods and services throughout the province. The consumer price index (CPI) in Aklan was placed at in, from of the same period a year ago, or a decrease of 2.0 percent. The highest decrease in CPI was noted in Non-Food Items with -4.8 percent (from to 126.8). However, increase in price data were observed in Alcoholic Beverages and Tobacco with 2.0 percent (from to 172.5), and Food and Non-Alcoholic Beverages with 0.8 percent (from to 158.8). CPI by Commodity Group Among the commodity groups, Alcoholic Beverages and Tobacco has the highest index with percent. This was followed by Food and Non-Alcoholic Beverages with index points, Health with 153.0, Education with 151.1, and Clothing and Footwear with percent mark. On the other hand, Communication remained to have the lowest index this month with 84.9 percent. EDUCATION RECREATION AND CULTURE COMMUNICATION TRANSPORT HEALTH FURNISHINGS,HH EQUIP, HOUSE MAINTENANCE HWEG AND OTHER FUELS CLOTHING AND FOOTWEAR ALC BEV AND TOBACCO FOOD AND NON-ALC BEV ALL ITEMS Jul-14 Jul-15

2 Inflation rate decreases by 4.3 percent Figure 2 shows that the inflation rate of Aklan for the month of dropped to -1.4 percent or a decrease by 4.3 percent mark compared to the same period of last year's figure of 5.7 percent. From 2014 to, the average inflation rate registered at 1.5 percent. During the period specified, the month of 2014 was noted with highest inflation rate of 5.7 percent, while the current month registered the lowest IR in the province. Inflation rate by commodity group Figure 2. Inflation Rate by Month, Aklan: '14 Aug Sep Oct Nov Dec Jan Feb Mar Apr May June ' Among the commodity group, Alcoholic Beverages and Tobacco posted a highest inflation rate of This is followed by Health with 0.53, Food and Non-Alcoholic Beverages with 0.51, Clothing and Footwear with 0.37, and Recreation and Culture with On the other hand, HWEG and Other Fuels has the lowest inflation rate with percent, followed by Transport with -3.51, and Furnishings, HH Equipment and Maintenance of the House with percent mark. Communication, and Education have no price changes during the reference period. ALL ITEMS 0.51 FOOD AND NON-ALC BEV Figure 3. Inflation Rate by Commodity Group, Aklan: (Year-on-Year) 1.17 ALC BEV AND TOBACCO 0.37 CLOTHING AND FOOTWEAR HWEG AND OTHER FUELS FURNISHINGS,HH EQUIP, HOUSE MAINTENANCE HEALTH TRANSPORT COMMUNICATION RECREATION AND CULTURE 0.00 EDUCATION 0.25 RESTAURANTS AND MISCELLANEOUS MONTH-ON-MONTH PRICE SITUATION This month, the CPI for all income households in Aklan went up by 0.42 percent after posting a index point over last month's index of The uptrend was the result of increase in prices of Food and Non-Alcoholic Beverages (0.70), HWEG and Other Fuels (0.61), Furnishings, HH Equipment and Routine Maintenance of the House (0.08). It is, also, the result of no price changes in Clothing, Health, Communication, Education, and Restaurants and Miscellaneous Goods and Services. On the other hand, during the months in review Alcoholic Beverages and Tobacco, as well as Transport posted the lowest percent change with and percent, respectively The increase in price index across Food and Non-Alcoholic Beverages is attributed to the upward price movement observed in Fish (2.70), Food Products NEC (1.43), Meat (1.26), Vegetables (0.79), and Sugar and related products (0.07). On the other hand, slower price movement was observed in Non-Alcoholic Beverages (- 1.00). Meanwhile, commodities with no price movement during the reference period are Bread and Cereals, Rice, Corn, Milk, Cheese and Eggs, Oils and Fats, and Fruits. Non-food items went up by 0.16 percent as a result of price increase in most commodities especially in HWEG and Other Fuels.

3 Figure 4. Purchasing Power of Peso, Aklan: Peso value pegs at 0.70 The purchasing power of peso in Aklan in was pegged at The value remain constant during the past four months. It means that one peso (P1.00) in 2006 is worth seventy (P0.70) centavos in. Interpreted in another way, this means that the same basket of goods and services worth P70.00 in 2006 can be bought at P in '14 Aug Sept Oct Nov Dec Jan Feb Mar Apr May June '15 Table 1. Consumer Price Index for All Income Households, Aklan: June and Commodity Group June Change All Items Food And Non-Alcoholic Beverages Alcoholic Beverages and Tobacco Clothing and Footwear Housing, Water, Electricity, Gas and Other Fuels Furnishings, Household Equipment &Routine Maintenance of the House Health Transport Communication Recreation and Culture Education Restaurants and Miscellaneous Goods and Services

4 Table 2. Consumer Price Index, Inflation Rate and Purchasing Power of Peso, Aklan: January Year Month CPI Inflation Rate Purchasing Power of Peso January February March April May June August September October November December January February March April May June August September October November December r - revised

5 Table 3. Consumer Price Index for All Income Household, Aklan: COMMODITY GROUP June Change (Month on Month) 2014 Change (Year on Year) ALL ITEMS I. FOOD AND NON-ALCHOLIC BEVERAGES * Food Bread and Cereals Rice Corn r 3.32 Meat Fish Milk, Cheese and Eggs Oils and Fats Fruit Vegetables Sugar, Jam, Honey, Chocolate and Confectionery Food Products N.E.C * Non-alcoholic Beverages II. ALCOHOLIC BEVERAGES AND TOBACCO Alcoholic Beverages Tobacco NON-FOOD III. CLOTHING AND FOOTWEAR Clothing Footwear IV. HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS Actual Rentals for Housing Maintenance and Repair of the Dwelling Water Supply and Miscellaneous Services Relating to the Dwelling Electricity, Gas and Other Fuels V. FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE MAINTENANCE OF THE HOUSE Furniture and Furnishings, Carpets and Other Floor Coverings Household Textiles Household Appliances Glassware, Tableware and Household Utensils Tools and Equipment for House and Garden Goods and Services for Routine Household Maintenance

6 (Table 3 cont...) COMMODITY GROUP June Change (Month on Month) 2014 Change (Year on Year) VI. HEALTH Medical Products, Appliances and Equipment Out -patient Services Hospital Services VII. TRANSPORT Operation of Personal Transport Equipment Transport Services r VIII. COMMUNICATION r 0.00 Postal Services r 0.00 Telephone and Telefax Equipment r 0.00 Telephone and Telefax Services r 0.00 IX. RECREATION AND CULTURE Audio-visual, Photographic and Information Processing Equipment Other Major Durables for Recreation and Culture Other Recreational Items and Equipment, Gardens and Pets Recreational and Cultural Services Newspapers, Books and Stationery X. EDUCATION Pre-primary and Primary Education Secondary Education Tertiary Education Education Not Definable by Level XI. RESTAURANTS AND MISCELLANEOUS GOODS AND SERVICES Catering Services Personal Care Personal Effects N.E.C r - revised

7 Explanatory Notes Consumer Price Index (CPI) - is an indicator of the change in the average retail prices of a fixed basket of goods and services commonly purchased by the households relative to a base year. It shows how much on the average, prices of goods and services have increased or decreased from a particular reference period. The CPI Report was derived from the results of the 2006-based CPI survey comprised of eleven (11) major commodity groups. These are the following: Food and Non-alcoholic Beverages; Alcoholic Beverages and Tobacco; Clothing and Footwear; Housing, Water, Electricity, Gas and Other Fuels; Furnishings, Household Equipment and Routine Maintenance of the House; Health; Transport; Communication; Recreation and Culture; Education; Restaurants and Miscellaneous Goods and Services. Inflation rate is defined as the annual rate of change or the year-on-year change in the CPI. Purchasing power of peso is a measure of the real value of the peso in a given period relative to a chosen reference period. Market basket is a term used to refer to a sample of goods and services that are commonly purchased and bought by an average Filipino household. Base period or Base Year is the period, usually a year, at which the index number is set to 100. It is the reference point of the index number series. In this report, 2006 is used as the base period.