PREVIOUS RELEASE

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

Release Date: [field_releasedate]
Release Date: 07 February 2017

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
(2006=100)

  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 

 


 


AttachmentSize
File Table 1 Monthly CPI for All Income Households in the Philippines by Commodity Group: (2006=100)18.66 KB
File Table 1A Monthly CPI for All Income Households in NCR by Commodity Group: (2006=100)22.04 KB
File Table 1B Monthly CPI for All Income Households in Areas Outside NCR by Commodity Group: (2006=100)22.05 KB
File Table 2 Monthly CPI for All Income Households in the Philippines by Commodity Group, Area/Region: (2006=100)36.92 KB
File Table 3 Month-on-Month Changes of the CPI by Area in Percent: (2006=100)22.61 KB
File Table 4 Year-on-Year Changes of the CPI by Area in Percent: (2006=100)41.51 KB
File Table 5 Month-on-Month Changes of the CPI in Percent, by Area, by Commodity Group: (2006=100)37.76 KB
File Table 6 Year-on-Year Changes of the CPI in Percent, by Area, by Commodity Group: (2006=100)45.52 KB
File Table 7 Month-on-Month Regional Inflation Rates by Commodity Group: (2006=100)30.55 KB
File Table 8 Year-on-Year Regional Inflation Rates by Commodity Group: (2006=100)27.17 KB
File Table 9 Regional Month-on-Month Inflation Rates of Selected Food Items: (2006=100)35.81 KB
File Table 10 Regional Year-on-Year Inflation Rates of Selected Food Items: (2006=100)44.23 KB
File Table 11 Monthly CPI for Food and Food and Non-Alcoholic Beverages for All Income Households, by Area: (2006=100)23.56 KB
File Table 12 Month-on-Month Changes of the CPI on Food and Food and Non-Alcoholic Beverages, in Percent: (2006=100)22.24 KB
File Table 13 Year-on-Year Changes of the CPI on Food and Food and Non-Alcoholic Beverages, in Percent: (2006=100)22.7 KB
File Table 14 Monthly Headline and Core CPI for All Income Households in the Philippines: (2006-100)21.34 KB
File Table 15 Headline and Core Inflation Rates in the Philippines: (2006=100)20.72 KB
File Table 16 CPI for All Income Household in the Philippines, by Selected Commodities and by Geographic Area: (2006=100)29.99 KB
File Table 17 CPI for All Income Households in the Philippines by Major Commodity Group: (2006=100)62.7 KB
File Table 18 CPI for All Income Households in the National Capital Region by Major Commodity Group: (2006=100)61.6 KB
File Table 19 CPI for All Income Households in Areas Outside NCR by Major Commodity Group: (2006=100)62.93 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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