Consumer Price Index for Bottom 30% Income Households (2000=100) : Third Quarter 2016

Reference Number: 

2016-120

Release Date: 

Wednesday, November 2, 2016

 

THIRD QUARTER 2016


  • Year-on-Year Inflation Rates, All Items
  • Area

    Third Quarter 2016

    Second Quarter 2016

    Third Quarter 2015

    Year-to-date

    Philippines

    1.4

    1.2

    0.5

    1.2

    NCR

    1.6

    0.4

    -1.8

    0.5

    AONCR

    1.4

    1.2

    0.5

    1.2

              

     

    • Inflation for the bottom 30% income households at the national level picked up 1.4 percent in the third quarter of 2016.  Last quarter, it was registered at 1.2 percent and in the same quarter in 2015, 0.5 percent.  The uptrend was primarily due to higher annual increase in the heavily-weighted food, beverage and tobacco (FBT) index.  Moreover, faster annual rates were also recorded in the indices of housing and repairs (H&R), services and miscellaneous.
      • Similarly, inflation in the National Capital Region (NCR) went up 1.6 percent in the third quarter of 2016.  Higher annual increments were posted in the indices of FBT, clothing and miscellaneous.

      • Following the same trend, inflation in Areas Outside the National Capital Region (AONCR) accelerated 1.4 percent in the third quarter of 2016. This was attributed to higher annual mark-ups observed in the indices of FBT, H&R and miscellaneous (Table 8).

            

               Year-on-Year Inflation Rates in the Philippines, All Items

               First Quarter 2008 - Third Quarter 2016

    Quarter

    Year

    2008

    2009

    2010

    2011

    2012 2013 2014 2015

    2016

    1st

    6.9

    12.3

    4.2

    4.6

    2.7 3.5 5.7 3.1

    1.1

    2nd

    14.3

    5.5

    3.5

    5.4

    2.4 3.1 6.5 2.1

    1.2

    3rd

    19.3

    0.2

    3.7

    5.2

    3.1 3.5 6.8 0.5 1.4

    4th

    15.1

    3.4

    3.1

    5.2

    3.0 4.8 5.1 0.8

     

     

     

     

     

     

           

     

    Average

    13.9

    5.4

    3.6

    5.1

    2.9 3.7 6.0 1.6

     

            

     

  • Quarter-to-Quarter Inflation Rates, All Items
  •  Area

    Third Quarter 2016

    Second Quarter 2016

    Philippines

    0.6

    0.4

    NCR

    1.2

    0.6

    AONCR

    0.5

    0.4

    • The country’s consumer prices for the bottom 30% income households rose 0.6 percent in the third quarter of 2016.  Last quarter, it was pegged at 0.4 percent. Upward price adjustments were observed in food items such as rice, eggs, fruits, vegetables, milk, milk products, fish and meat. Increases in the prices of some construction materials and higher salaries for selected construction workers in many provinces also contributed to the uptrend.

     

     

    • By Region, Year-on-Year

       

    • Inflation in NCR advanced 1.6 percent in the third quarter of 2016.

    • Similarly, annual inflation in AONCR moved up 1.4 percent during the third quarter of 2016. Thirteen regions registered higher annual rates with ARMM posting the highest annual growth of 3.9 percent. Meanwhile, the lowest annual change of -0.3 percent was noted in Davao Region (Table 8).

       

    • By Commodity Group, Year-on-Year

       

    • On an annual basis, higher increments were seen in the indices of FBT at 1.7 percent in the third quarter 2016; H&R, 2.6 percent; services, 1.3 percent; and miscellaneous, 1.0 percent. On the contrary, the FLW index continued to exhibit a negative annual rate at -1.2 percent during the quarter.  Annual movement in the clothing index remained at 1.2 percent (Table 8).

      Annual growth in the food alone index in the Philippines escalated 1.6 percent in the third quarter of 2016.  Last quarter, the annual rate was registered at 1.4 percent.

      Higher annual gains were recorded in the indices of rice at 0.3 percent; cereal preparations, 1.1 percent; eggs, 2.7 percent; fish, 2.4 percent; and meat, 0.9 percent. Meanwhile, annual upticks in the indices of fruits and vegetables and miscellaneous food correspondingly decelerated to 7.2 percent and 0.2 percent.  The annual change in corn index dropped by 0.2 percent (Table 10).

      • In NCR, faster annual rates were noticed in the indices of FBT at 2.8 percent; clothing, 1.0 percent; and miscellaneous, 1.3 percent.  On the other hand, H&R index moved up at a slower pace of 0.5 percent.  Annual declines were still posted in the indices of FLW and services at -5.4 percent and -0.2 percent, respectively (Table 8).

        Measured from a year ago level, the food alone index in NCR accelerated 2.9 percent during the quarter.  It was pegged at 2.3 percent last quarter.

        Annual growth in rice index was higher at 2.7 percent; cereal preparations index, 1.8 percent; eggs index, 5.4 percent;   fish index, 5.9 percent; and miscellaneous foods index, 0.1 percent. Meanwhile, annual add-on in corn index eased to 37.4 percent; fruits and vegetables index, 8.6 percent; and meat index, 2.3 percent. Index for dairy products continued to decline as it posted an annual rate of -0.1 percent (Table 10).

      • The annual mark-up in FBT index in AONCR was faster at 1.7 percent; H&R index, 2.6 percent; and miscellaneous index, 1.0 percent.  On the other hand, the FLW index continued to drop as it recorded -1.1 percent during the quarter.  Annual movements in clothing and services indices remained at 1.2 percent and 1.3 percent, respectively (Table 8).

        Annual adjustment of the food alone index in AONCR picked up 1.6 percent in the third quarter. Last quarter, it exhibited 1.4 percent growth.

        On an annual basis, the index for rice index inched up 0.3 percent during the quarter after it decreased by 0.1 percent in the second quarter.  Seven regions registered higher annual growths with the highest rate of 6.7 percent recorded in ARMM.  On the other hand, the lowest annual change was in Bicol Region at -4.3 percent.

        The annual increase in cereal preparations index was higher at 1.0 percent in the third quarter of 2016; eggs index, 2.6 percent; fish index, 2.3 percent; and meat index, 0.9 percent.  However, annual gains in the indices of fruits and vegetables and miscellaneous foods decelerated to 7.2 percent and 0.2 percent, respectively.  Index for corn dropped by 0.2 percent while the dairy product index moved at its previous quarter’s rate of 1.4 percent (Table 10).

         

    • By Region, Quarter-to-Quarter

       

    • Consumer prices in NCR for this particular income group picked up 1.2 percent in the third quarter of 2016. It rose by 0.6 percent during the second quarter.  Faster rates were seen in the indices of FBT at 1.5 percent and services, 0.3 percent.  Lower mark-ups were however, noted in the indices of H&R and miscellaneous at 0.2 percent and 0.6 percent, respectively.  Movement in the clothing index remained at    0.5 percent while the FLW index had a zero growth.

    • Similarly, prices of consumer items for the bottom 30% income group in AONCR went up 0.5 percent in the third quarter.  Upward adjustments were faster in the corresponding indices of FBT and H&R at 0.6 percent and 0.5 percent.  The rest of the commodity groups either moved at slower rates or retained their previous quarter’s growth.

    • Ten regions exhibited higher increments during the quarter. The highest rate of 1.3 percent was seen in ARMM while the lowest was noted in Caraga at -0.1 percent.

    • Among the three big areas of the country, price add-ons in consumer items were generally faster in Mindanao compared to Luzon and Visayas areas (Table 7).

       

    • By Commodity Group, Quarter-to-Quarter

       

    • Prices of consumer items for this income group at the national level escalated 0.6 percent in the third quarter of 2016. Higher rates were noticed in the indices of FBT at 0.7 percent and H&R, 0.5 percent. The rest of the commodity groups either moved up at a slower pace or retained their last quarter’s rate (Table 7).

      Off-season fruits like mango were priced higher during the quarter.  Upward price adjustments in selected vegetables such as eggplant and tomatoes were also observed in many provinces.  Thus, the fruits and vegetables index in AONCR accelerated 1.9 percent.  In NCR, the group’s index went up 5.8 percent as prices of tomatoes and selected leafy vegetables were generally higher during the quarter.  At the national level, the fruits and vegetables index picked up 2.0 percent.

      The rice index in AONCR increased by 0.3 percent during the quarter as eight regions posted higher increments.  Lesser supply of rice in the markets pushed up its prices during the quarter. Similarly, the rice index in NCR advanced by 2.2 percent.  At the national level, the group’s index recorded a 0.3 percent growth.

      Add-ons in the prices of corn raised the group’s index in NCR and AONCR at 3.4 percent and 1.3 percent, respectively. At the country level, the corn index rose 1.3 percent.

      The difficulty in catching fish species brought about by bad weather conditions experienced in many regions limited the volume of fish supplies in the markets. This factor caused the fish index in AONCR to climb by 0.3 percent and in NCR, 1.1 percent.  The group’s index in the Philippines inched up 0.3 percent.

      The miscellaneous foods index in AONCR advanced 0.3 percent.  This was attributed to upward adjustments in the prices of selected spices and seasonings.  The group’s index in NCR likewise went up by 0.2 percent due to higher prices of cooking oil and selected seasonings. The national index increased 0.3 percent during the quarter.

      Chicken and beef were generally priced higher in many provinces during the quarter. Hence, the meat index in AONCR rose 0.4 percent and in NCR, 0.6 percent. For the Philippines, the meat index moved up 0.5 percent.

      The eggs index in NCR and AONCR correspondingly accelerated by 5.4 percent and 0.9 percent.  This was due to higher prices of fresh eggs brought about by its lower supplies in the markets.  At the national level, the group’s index climbed 1.0 percent.

      The index for dairy products in AONCR gained 0.2 percent as prices of fresh and powdered milk generally moved upward in selected provinces.  Similarly, the group’s index in NCR inched up by 0.2 percent due to higher prices of cheese.  For the Philippines, the index for dairy products advanced by 0.2 percent.

       

    • Tuition fee hikes were noted in selected provinces during the opening of the school semester.  Prices of selected school supplies in many regions also went up during the quarter.  All these factors contributed to the 0.4 percent growth in the services index for AONCR.  Higher prices of selected medicines in NCR likewise pushed up the services index by 0.3 percent. The group’s index at the national level posted a 0.4 percent growth during the quarter.

    • The H&R index in AONCR moved up 0.5 percent. This was brought about by the upward adjustments in the salaries of carpenters, plumbers and electricians in selected provinces. Price increments in some construction materials also contributed to the uptrend.  In NCR, the group’s index went up 0.2 percent due to price mark-ups in selected construction materials during the quarter.  For the Philippines, the H&R index increased by 0.5 percent.

    • With higher prices in selected items for household operation and personal effects, the miscellaneous index in NCR rose 0.6 percent and in AONCR, 0.3 percent.  At the national level, the group’s index picked up 0.3 percent.

     


                  Note:  Monthly CPIs for the bottom 30% income households by province and selected cities are also available upon request at PSA, Price Statistics Division (Telephone Number: 376-1959).

     

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