Year-on-Year Inflation Rates Philippines, All Items

Month-on-Month Inflation Rates Philippines, All Items

CPI (1994=100) 
JUNE 1998

• By Commodity Group, Year-on-Year
• All the commodity groups registered higher inflation rates except for that of housing and repairs (HR) and services. The rates for food, beverages and tobacco (FBT) increased to 10.1 percent from 9.0 percent; miscellaneous items, to 9.4 percent from 8.8 percent; clothing, to 8.7 percent from 8.3 percent; and fuel, light and water (FLW), to 5.5 percent from 5.0 percent. HR decelerated to 12.5 percent from 13.0 percent in May and services, to 14.5 percent from 15.9 percent.
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  • The inflation rate for food alone rose to 10.3 percent in June, which was higher than the 9.1 percent posted in May. Year-on-year rates for fruits and vegetables went up to 23.9 percent from 21.2 percent; rice, 4.5 percent from 2.1 percent; eggs, 8.3 percent from 6.6 percent; meat, 8.8 percent from 8.2 percent; and dairy products, 14.2 percent from 13.9 percent. However, slower rates were seen in the prices of cereal preparations, 12.6 percent from 15.2 percent; fish, 12.2 percent from 14.4 percent; corn, 5.0 percent from 5.6 percent; meals eaten outside, 6.0 percent from 6.4 percent; and miscellaneous foods, 9.2 percent from 9.3 percent.
• In Metro Manila (MM), inflation in miscellaneous items was higher by 1.8 percentage points; in FLW and clothing, by 0.9 percentage point. Slowdowns were observed in FBT from 10.6 percent in May to 10.1 percent in June; services from 20.3 percent to 16.0 percent; and HR from 10.3 percent to 10.2 percent.
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  • The inflation for food alone in MM slowed to 10.3 percent from 10.8 percent in May. Higher rates were posted in the prices of eggs, 14.6 percent from 4.1 percent; fruits and vegetables, 30.0 percent from 25.9 percent; corn, 8.6 percent from 4.5 percent; and dairy products, 12.4 percent from 11.0 percent.
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  • However, slower rates were recorded in the prices of cereal preparations, 11.3 percent from 17.5 percent; fish, 14.5 percent from 20.2 percent; rice, 1.7 percent from 2.5 percent; meat, 9.9 percent from 10.3 percent; and miscellaneous foods, 4.4 percent from 4.5 percent.
• For areas outside Metro Manila (AOMM), the rates for FBT in June increased by 1.6 percentage points; clothing, by 0.1 percentage point; and FLW, 0.3 percentage point. H&R inflation decreased by 1.0 percentage point while the 13.7 percent inflation rate for services and 8.3 percent for miscellaneous items remained as those in May.
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  • The inflation rate for food alone rose to 10.3 percent from 8.6 percent.
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  • The inflation rate for rice moved up to 5.0 percent from 2.0 percent last May. Thirteen regions posted higher rates; the biggest increment was 6.3 percentage points in CentraI Visayas.
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  • Inflation rates for fruits and vegetables were in double-digit figures in all the regions except in Bicol. The same was observed for dairy products except in Eastern Visayas and CARAGA.
• By Region, Year-on-Year
• The inflation rate for Metro Manila decelerated to 11.1 percent in June from 11.6 percent last month.
• AOMM registered a rate of 10.5 percent from 9.6 percent in May. The biggest increment was noted in Eastern Visayas at 2.3 percentage points followed by Southern Tagalog at 2.2 percentage points. Southern Mindanao posted the highest inflation rate at 11.9 percent while the Cordillera Administrative Region (CAR) recorded the lowest rate at 7.6 percent.
• By Commodity Group, Month-on-Month
• Higher month-on-month inflation rates were registered in all commodity groups except that of FBT which remained at 1.9 percent. Services increased to 3.2 percent from 0.6 percent in May; clothing, 0.9 percent from 0.6 percent; H&R, 0.9 percent from 0.8 percent; FLW, 0.3 percent from zero growth; and miscellaneous items, 0.8 percent from 0.7 percent.
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  • The price of rice increased in June to 2.2 percent from zero growth in May. All regions except MM posted positive month-on-month rates ranging from 0.4 percent (CAR) to 5.3 percent (Eastern Visayas). In MM, the price of rice decreased to -0.5 percent from 0.6 percent.
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  • Corn prices slowed down to 0.6 percent in June from 1.9 percent in May as the AOMM index for corn decelerated to 0.6 percent from 1.0 percent while the MM index increased to 1.6 percent from 0.2 percent.
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  • Cereal preparations slowed down to 0.4 percent in June from 1.2 percent a month earlier at the national level. Indices for both MM and AOMM decelerated to 0.6 percent from 1.4 percent for the former and to 0.2 percent from 1.1 percent for the latter.
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  • The dairy products index was still on the uptrend as the national index posted a 0.8 percent growth from 0.5 percent last month due to increases in the prices of milk and butter. The AOMM index increased by 0.8 percent from 0.3 percent. In MM, the price increase slowed down to 0.6 percent from 1.0 percent in May.
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  • In MM, prices of eggs rose by 10.0 percent in June from 0.1 percent in May. The prices in AOMM slightly moved up to 0.6 percent from 0.5 percent. Prices of eggs in the Philippines increased to 2.8 percent from 0.4 percent in May.
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  • Fish prices went up in AOMM to 1.1 percent from 0.7 percent in May and moved down in MM to -1.1 percent from 5.5 percent resulting in a 0.7 percent increase for the Philippines.
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  • The fruits and vegetables index moved up by 5.9 percent in AOMM while that for the national index decelerated to 6.1 percent from 8.3 percent and for MM, 6.1 percent from 17.7 percent.
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  • Higher prices in AOMM pushed the meat index up by 2.4 percent from 1.8 percent in May. However a deceleration in MM prices to 0.3 percent from 6.1 percent caused a slowdown in the national index to 1.7 percent from 3.2 percent.
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  • The miscellaneous foods index increased to 1.3 percent. This was due to the increase in the prices of sugar, cooking oil, and sauces.
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  • Meals eaten outside slowed down to 0.4 percent in the Philippines and 0.8 percent in AOMM.
• Services increased by 2.7 percent in MM and 3.6 percent in AOMM resulting in a 3.2 percent increase in the national level. This was brought about by the increase in tuition fees, and in the prices of medicines, school supplies, diesel, and gasoline.
• The H&R national index recorded a 0.9 percent increase due to increases in rentals in some provinces and in prices of some construction materials.
• Increases in the prices of personal care items like bath soap, toothbrush, tissue paper, and shampoo along with those used for household operations like detergent powder, laundry soap and cleanser raised the miscellaneous items group by 0.8 percent.
• The clothing index posted a 0.3 percent increment in the Philippines and AOMM and 0.5 percent in MM. This was due to the increase in the prices of ready-made apparel, textile, and footwear along with higher sewing charges due to the opening of classes.
• The FLW index increased by 0.3 percent due to the rise in the prices of firewood, charcoal, kerosene, LPG, and the higher charge for electricity in many regions.
• By Region, Month-on-Month
• Prices in MM moved down to 1.0 percent in June from 2.3 percent last May. Higher rates were recorded in services, by 1.6 percentage points; miscellaneous items, 1.0 percentage point; clothing, 0.5 percentage point; and FLW, by 0.4 percentage point. On the other hand, FBT slowed down by 3.1 percentage points and HR, by 1.0 percentage point.

Source: National Statistics Office 
Philippines

• In AOMM, prices increased by 1.9 percent in June from 0.9 percent last month. Five of the commodity groups registered higher rates, i.e. FBT, 0.8 percentage point; clothing, 0.3 percentage point; HR, 1.0 percentage point; FLW, 0.3 percentage point; and services, 3.3 percentage point. Inflation in miscellaneous items was lower by 0.4 percentage point. Twelve regions posted higher month-on-month rates with the highest rate recorded in Central Luzon at 2.8 percent while the lowest was in Southern Mindanao at 0.9 percent.