PREVIOUS RELEASE

Summary Inflation Report Consumer Price Index for the Bottom 30% Income Households (2012=100) : January 2020

Reference Number: 2020-071
Release Date: 27 February 2020

JANUARY 2020

 

(Final Results)

 

Starting February 2020, the PSA will release the CPI for the bottom 30% income households with base year 2012. Data users can expect two sets of the CPI for the bottom 30% income households, as the 2012-based series will be issued simultaneously with the 2000-based series until June 2020. The CPI for the bottom 30% income households for July 2020 series and onwards will be 2012-based.

Adoption of the 2012-based CPI for the bottom 30% income households is in accordance with PSA Board Resolution Number 20, Series of 2019 approved on 17 December 2019.

 

 

Philippines

Bottom 30%

Inflation for the bottom 30% income households at the national level picked up by 2.3 percent in January 2020. The annual growth rate in December 2019 was 1.9 percent and in January 2019, 5.2 percent.

The uptrend was mainly brought about by the higher annual increment observed in the index of the heavily-weighted food and non-alcoholic beverages at 0.7 percent during the month. Annual growth rates were also higher in the following commodity groups:

  • Alcoholic beverages and tobacco, 22.4 percent;
  • Housing, water, electricity, gas, and other fuels, 2.7 percent;
  • Transport, 3.5 percent;
  • Communication, 0.4 percent;
  • Recreation and culture, 2.9 percent; and
  • Education, 5.2 percent. (Tables 3 and 4)

On the contrary, the index of restaurant and miscellaneous goods and services exhibited a slower inflation of 2.6 percent in January 2020. The rest of the commodity groups retained their previous month’s annual growth rates. (Tables 3 and 4)

The annual rate of the country’s food index went up by 0.6 percent in January 2020. Inflation for food in the previous month was registered at 0.1 percent and in January 2019, 5.2 percent. (Table 7)

All the food groups registered higher annual mark-ups during the month, except for rice; corn; and sugar, jam, honey, chocolate and confectionery. Annual declines were still noted in the indices of these commodities as follows:

  • Rice, -6.5 percent;
  • Corn, -2.6 percent; and
  • Sugar, jam, honey, chocolate and confectionery, -3.3 percent.

(Table 5)
 

 

Year-on-Year Inflation Rates of the CPI for the Bottom 30%
Income Households for All Items in the Philippines
January 2016 – January 2020
(2012=100)

Month

Year

2016 2017 2018 2019 2020
January 0.8 2.0 3.6 5.2 2.3
February 0.9 2.3 4.4 4.3  
March 0.8 2.3 5.0 3.5  
April 0.6 2.5 5.2 3.2  
May 1.0 2.2 5.4 3.3  
June 1.2 2.1 5.5 3.2  
July 1.1 2.0 6.1 2.7  
August 1.1 2.3 6.9 1.7  
September 1.2 2.6 8.0 0.3  
October 1.5 2.8 8.1 0.0  
November 1.5 2.7 7.3 0.7  
December 1.8 2.8 6.4 1.9  
           
Average 1.1 2.4 6.0 2.4  

 

 

National Capital Region (NCR)

Inflation in NCR for this particular group of consumers, however, eased to 2.1 percent in January 2020. Its annual rate was noted at 2.9 percent in December 2019, and 5.1 percent in the same month in 2019.

Annual growth rates posted in the indices of food and non-alcoholic beverages decelerated to 2.3. percent; clothing and footwear; and housing, water, electricity, gas, and other fuels, both at 0.9 percent; and recreation and culture, 1.0 percent.

Meanwhile, higher annual hikes were recorded in the indices of alcoholic beverages and tobacco at 19.0 percent; communication, 0.3 percent; and restaurant and miscellaneous goods and services, 0.2 percent. Moreover, the annual rate of transport index picked up by 0.8 percent, from -0.1 percent in the previous month. The rest of the commodity groups retained their previous month’s annual growth rates. (Tables 3 and 4)
 

Areas Outside NCR (AONCR)

Following the same trend as that of the national level, inflation for the bottom 30% income households in AONCR increased by 2.3 percent in January 2020. In the previous month, inflation in AONCR was 1.9 percent and in January 2019, 5.2 percent.

Relative to their annual growth rates in the previous month, the following commodity groups recorded higher annual increments in January 2020:

  • Food and non-alcoholic beverages, 0.6 percent;
  • Alcoholic beverages and tobacco, 22.5 percent;
  • Housing, water, electricity, gas, and other fuels, 2.9 percent;
  • Transport, 3.6 percent;
  • Communication, 0.4 percent;
  • Recreation and culture, 3.0 percent; and
  • Education, 5.2 percent.

On the other hand, slower annual mark-ups were seen in the indices of furnishing, household equipment and routine maintenance of the house at 1.7 percent; and restaurant and miscellaneous goods and services, 2.7 percent. Inflation of clothing and footwear remained at 2.8 percent, and health at 2.9 percent (Tables 3 and 4)

Compared with their annual growth rates in December 2019, inflation in 12 regions in areas outside NCR were higher during the month. In addition, the annual growth rates in Region IX (Zamboanga Peninsula) and Region X (Northern Mindanao) rose by 0.4 percent and 0.3 percent, respectively, from negative annual growth rates in the previous month. The highest inflation among the regions outside NCR was posted in Region VII (Central Visayas) at 4.0 percent, while the lowest was registered in Region X (Northern Mindanao) at 0.3 percent. (Table 4)

 

Note:

CPIs and inflation rates for the bottom 30% income households by province and selected cities are posted at the PSA website (http://openstat.psa.gov.ph/).

See more at the Consumer Price Index for Bottom 30% Income Households Main page.


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