PREVIOUS RELEASE

Summary Inflation Report Consumer Price Index (2006=100) : April 2017

Release Date: [field_releasedate]
Release Date: 05 May 2017

YEAR-ON-YEAR

Philippines2012 Census of Agriculture and Fisheries

The Philippines’ annual headline inflation was registered at 3.4 percent in April 2017.  It was the same rate posted in the previous month, while in April 2016, inflation settled to 1.1 percent. Higher annual  increments were observed in the indices of food and non-alcoholic beverages at 4.2 percent in April; transport, 3.2 percent; and communication, 0.3 percent.

Annual inflation in the rest of the commodity groups decelerated with the education index still recording an annual rate of 1.8 percent. (Tables 6 and 8)

Excluding  selected food and  energy items, core inflation picked up by 3.0 percent in April 2017. It was 2.9 percent in the previous month and 1.5 percent during the same month in 2016. (Table 15)

The annual change of the country’s food alone index increased by 4.3 percent in April 2017. It went up by 4.2 percent in the previous month and 1.7 percent in the same period a year ago. (Table 13)

2012 Census of Agriculture and FisheriesAnnual upticks were higher in the indices of meat at 4.2 percent; fish, 8.8 percent; and oils and fats, 7.1 percent. On the other hand, a 0.8 percent annual decrease was seen in the indices of corn and sugar, jam, honey, chocolate and confectionery. The rest of the food groups either moved up at a slower pace or retained their previous month’s rate. (Table 10)

 

 

 

 

 
 
 
 
 
Year-on-Year Inflation Rates in the Philippines, All Items
January 2012 - March 2017
(2006=100)

Month

Year

2012 2013 2014 2015 2016 2017
Jan 4.0 3.1 4.2 2.4 1.3 2.7
Feb 2.7 3.4 4.1 2.5 0.9 3.3
Mar 2.6 3.2 3.9 2.4 1.1 3.4
Apr 3.0 2.6 4.1 2.2 1.1 3.4
May 3.0 2.6 4.5 1.6 1.6  
Jun 2.9  2.7 4.4 1.2 1.9  
Jul 3.2 2.5 4.9 0.8 1.9  
Aug 3.8 2.1 4.9 0.6 1.8  
Sep 3.7 2.7 4.4 0.4 2.3  
Oct 3.2 2.9 4.3 0.4 2.3  
Nov 2.8 3.3 3.7 1.1 2.5  
Dec 3.0 4.1 2.7 1.5 2.6  
Ave 3.2 3.0 4.1 1.4 1.8  

National Capital Region (NCR)

Inflation in NCR, however, eased to 3.9 percent in April 2017. It went up by 4.0 percent in the previous month and 0.4 percent in April 2016. Slower annual growths were registered in the indices of the following commodity groups:

  • Alcoholic Beverages and Tobacco (8.5%)
  • Clothing and Footwear (3.7%)
  • Housing, Water, Electricity, Gas and Other Fuels (3.0%)
  • Health (2.2%)
  • Recreation and Culture (3.2%)
  • Restaurant and Miscelllaneous Goods andf Services (0.9%)

Meanwhile, a higher annual mark-up was noted in the transport index at 3.6 percent. The rest of the commodity groups retained their previous month’s rates. (Tables 6 and 8)

Areas Outside NCR (AONCR)

In AONCR, inflation remained at 3.3 percent in April 2017. It was pegged at 1.3 percent in April 2016. Higher annual upticks were registered in the indices of food and non-alcoholic beverages at 3.7 percent; transport, 3.1 percent; and communication, 0.2 percent. Annual increases in other commodity groups slowed down with the education index retaining its previous month’s rate of 1.6 percent. (Tables 6 and 8)

Nine regions had higher annual gains. The highest annual growth of 5.4 percent was still noticed in Region V (Bicol Region) while the lowest at 1.5 percent was in CAR (Cordillera Administrative Region). (Table 8)

MONTH-ON-MONTH2012 Census of Agriculture and Fisheries

Consumer prices in the Philippines inched up by 0.2 percent in April 2017, the same rate recorded in the previous month. The heavily-weighted food and non-alcoholic beverages index rose by 0.2 percent, following a 0.4 percent decline in the previous month. Moreover, a higher increment was observed in the transport index at 0.6 percent. The communication index also moved up by 0.1 percent from zero growth. The rest of the commodity groups either had slower rates or zero growth. (Table 7)

Selected fish species were priced higher during the month.  This was due to bigger demand for fish as consumers shifted from meat to fish in observance of the Lenten season.  Prices of other food items such as fresh meat, fruits and cooking oil also went up in selected regions.

Moreover, higher charges for electricity rates and increased prices of selected construction materials, LPG and kerosene were posted in many provinces during the period.  Ship fare hikes were, likewise, reported in many regions.

 

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) ESTELA T. DE GUZMAN
(Deputy National Statistician, CRCSO)
Officer-in-Charge

 

 

 

 

 


AttachmentSize
File Table 1 Monthly CPI for All Income Households in the Philippines by Commodity Group: (2006=100)22.51 KB
File Table 1A Monthly CPI for All Income Households in NCR by Commodity Group: (2006=100)23.04 KB
File Table 1B Monthly CPI for All Income Households in Areas Outside NCR by Commodity Group: (2006=100)23.07 KB
File Table 2 Monthly CPI for All Income Households in the Philippines by Commodity Group, Area/Region: (2006=100)34.45 KB
File Table 3 Month-on-Month Changes of the CPI by Area in Percent: (2006=100)19.95 KB
File Table 4 Year-on-Year Changes of the CPI by Area in Percent: (2006=100)30.21 KB
File Table 5 Month-on-Month Changes of the CPI in Percent, by Area, by Commodity Group: (2006=100)28.17 KB
File Table 6 Year-on-Year Changes of the CPI in Percent, by Area, by Commodity Group: (2006=100)31.43 KB
File Table 7 Month-on-Month Regional Inflation Rates by Commodity Group: (2006=100)27.28 KB
File Table 8 Year-on-Year Regional Inflation Rates by Commodity Group: (2006=100)27.13 KB
File Table 9 Regional Month-on-Month Inflation Rates of Selected Food Items: (2006=100)34.54 KB
File Table 10 Regional Year-on-Year Inflation Rates of Selected Food Items: (2006=100)41.61 KB
File Table 11 Monthly CPI for Food and Food and Non-Alcoholic Beverages for All Income Households, by Area: (2006=100)21.63 KB
File Table 12 Month-on-Month Changes of the CPI on Food and Food and Non-Alcoholic Beverages, in Percent: (2006=100)21.4 KB
File Table 13 Year-on-Year Changes of the CPI on Food and Food and Non-Alcoholic Beverages, in Percent: (2006=100)21.41 KB
File Table 14 Monthly Headline and Core CPI for All Income Households in the Philippines: (2006-100)19.43 KB
File Table 15 Headline and Core Inflation Rates in the Philippines: (2006=100)18.91 KB
File Table 16 CPI for All Income Household in the Philippines, by Selected Commodities and by Geographic Area: (2006=100)31.03 KB
File Table 17 CPI for All Income Households in the Philippines by Major Commodity Group: (2006=100)62.89 KB
File Table 18 CPI for All Income Households in the National Capital Region by Major Commodity Group: (2006=100)61.32 KB
File Table 19 CPI for All Income Households in Areas Outside NCR by Major Commodity Group: (2006=100)62.62 KB
PDF icon The 2006-based Consumer Price Index154.44 KB
PDF icon Primer on Consumer Price Index125.3 KB
PDF icon Primer on Core Inflation119.51 KB

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CPI and Inflation Rate at a Glance

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Jul 2019 120.2
Jun 2019 119.9
Jul 2018 117.4
Inflation Rate**
2.4%
2.7%
5.7%

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