| Year-on-Year Inflation Rates, All Items | ||||
|---|---|---|---|---|
| January 2017 | December 2016 | January 2016 | Year-to-date | |
| Philippines | ||||
| Headline | 2.7 | 2.6 | 1.3 | 2.7 |
| Core | 2.5 | 2.5 | 1.8 | 2.5 |
| NCR | ||||
| Headline | 3.0 | 2.7 | 0.6 | 3.0 |
| AONCR | ||||
| Headline | 2.7 | 2.6 | 1.5 | 2.7 |
YEAR-ON-YEAR
Philippines
The country’s annual headline inflation picked up by 2.7 percent at the beginning of the year 2017. Inflation in December 2016 was recorded at 2.6 percent and in the same month of the previous year, 1.3 percent. The indices of six of the eleven commodity groups posted higher annual increments during the month:
- Clothing and Footwear (2.8%)
- Housing, Water, Electricity, Gas and other Fuels and other Fuels (1.8%)
- Health (2.6%)
- Transport (2.4%)
- Recreation and Culture (1.9%)
- Restaurant and Miscellaneous Goods and Services (2.2%)
The rest of the commodity groups either had slower annual increases or retained their previous month’s rate. (Tables 6 and 8)
Meanwhile, excluding selected food and energy items, core inflation moved at its previous month’s rate of 2.5 percent in January 2017. It was registered at 1.8 percent in January 2016. (Table 15)
| Year-on-Year Inflation Rates in the Philippines, All Items January 2012 - January 2017 (2006=100) | ||||||
|---|---|---|---|---|---|---|
| Month | Year | |||||
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |
| January | 4.0 | 3.1 | 4.2 | 2.4 | 1.3 | 2.7 |
| February | 2.7 | 3.4 | 4.1 | 2.5 | 0.9 | |
| March | 2.6 | 3.2 | 3.9 | 2.4 | 1.1 | |
| April | 3.0 | 2.6 | 4.1 | 2.2 | 1.1 | |
| May | 3.0 | 2.6 | 4.5 | 1.6 | 1.6 | |
| June | 2.9 | 2.7 | 4.4 | 1.2 | 1.9 | |
| July | 3.2 | 2.5 | 4.9 | 0.8 | 1.9 | |
| August | 3.8 | 2.1 | 4.9 | 0.6 | 1.8 | |
| September | 3.7 | 2.7 | 4.4 | 0.4 | 2.3 | |
| October | 3.2 | 2.9 | 4.3 | 0.4 | 2.3 | |
| November | 2.8 | 3.3 | 3.7 | 1.1 | 2.5 | |
| December | 3.0 | 4.1 | 2.7 | 1.5 | 2.6 | |
| Average | 3.2 | 3.0 | 4.1 | 1.4 | 1.8 | |
National Capital Region (NCR)
Annual inflation increased by 3.0 percent in January 2017. It went up by 2.7 percent in December 2016 and 0.6 percent a year ago. This was primarily effected by the 6.2 percent annual growth in the heavily-weighted food and non-alcoholic beverages index. Moreover, the index of housing, water, electricity, gas and other fuels recorded 0.2 percent annual uptick from 0.3 pecent decrease in the previous month. Higher annual mark-ups registered in the following indices also contributed to the uptrend:
- Clothing and Footwear (3.4%)
- Health (1.7%)
- Transport (3.4%)
- Recreation and Culture (4.0%)
- Restaurant and Miscellaneous Goods and Services (1.6%)
The other commodity groups either had slower annual increments or retained their previous month’s rate. (Tables 6 and 8)
Areas Outside NCR (AONCR)
Inflation in AONCR moved up by 2.7 percent in January 2017. In the previous month, it was pegged at 2.6 percent and in January 2016, 1.5 percent. This was due to higher annual rates observed in the indices of the following commodity groups:
- Clothing and Footwear (2.5%)
- Housing, Water, Electricity, Gas and Other Fuels (2.4%)
- Transport (2.2%)
- Restaurant and Miscellaneous Goods and Services (2.5%)
Those for the rest of the commodity groups either slowed down or remained at their previous month’s rate with the communication index recording zero growth. (Tables 6 and 8)
At the regional level, higher annual rates were noted in nine regions. The highest annual growth of 3.7 percent was seen in Cagayan Valley, Central Luzon and Autonomous Region in Muslim Mindanao. The lowest annual rate was, however, posted in Western Visayas at 1.5 percent. (Table 8)
| Month-on-Month Inflation Rates, All Items | ||
|---|---|---|
| January 2017 | December 2016 | |
| Philippines | 0.3 | 0.3 |
| NCR | 0.1 | 0.6 |
| AONCR | 0.4 | 0.3 |
MONTH-ON-MONTH
On a monthly basis, consumer prices in the Philippines generally picked up by 0.3 percent in January 2017. It was the same rate recorded in the previous month. The following commodity groups exhibited higher mark-ups during the month:
- Food and Non-alcoholic Beverages (0.5%)
- Clothing and Footwear (0.4%)
- Furnishing, Household Equipment and Routine Maintenance of the House (0.2%)
- Health (0.4%)
On the other hand, the transport index dropped by 0.4 percent. The rest of the commodity groups either posted slower monthly hikes or retained their previous month’s rate. (Tables 5 and 7)
The heavily-weighted food items such as rice, fish, fruits, vegetables, cooking oil, and selected condiments and seasonings were priced higher in many provinces. Most of the regions also recorded higher prices of LPG and kerosene. In addition, higher house rental rates and upward price adjustments in medicines and some items for personal care and effects were also noted in many provinces.
Note:CPIs and inflation rates by province and selected city are also available upon request at Philippine Statistics Authority, Economic Sector Statistics Service, Price Statistics Division (Telephone Number: 376-19-59).
FOR THE NATIONAL STATISTICIAN:
(Sgd) ROMEO S. RESIDE
( Deputy National Statistician, SSO)
Officer-in-Charge
