PREVIOUS RELEASE

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

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

YEAR-ON-YEAR

Philippines2012 Census of Agriculture and Fisheries

The country’s annual headline inflation continued to go up as it was pegged at 3.4  percent in March 2017. It went up by 3.3 percent in the  previous month and 1.1 percent in March 2016. Higher annual mark-ups were posted in the indices of the following commodity groups:

  • Alcoholic Beverages and Tobacco (6.4%)
  • Clothing and Footwear (2.9%)
  • Housing, Water, Electricity, Gas and Other Fuels (4.0%)
  • Furnishing, Household Equipment and Routine Maintenance of the House (2.5%)
  • Health (2.8%)

 

 

2012 Census of Agriculture and FisheriesThe rest of the commodity groups either had slower annual add-ons or retained their previous month’s rate. (Tables 6 and 8)

Excluding  selected food and  energy items, core inflation, likewise, rose by  2.9 percent in March 2017. It stood at 2.7 percent in the previous month and 1.5 percent in March 2016. (Table 15)

The annual growth in the food alone index decelerated to 4.2 percent in March 2017. It went up by 4.3 percent in the previous month and 1.6 percent in the same period a year ago. (Table 13)

Slower annual hikes were noted in the indices of fish at 7.0 percent; fruits, 7.5 percent; vegetables, 10.5 percent; sugar, jam, honey, chocolate and confectionery, 0.2 percent and food products not elsewhere classified, 1.0 percent. All the other food groups had higher annual gains except for corn index whose rate remained at 0.5 percent. (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  
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)

Annual inflation in NCR grew by 4.0 percent in March 2017. In the previous month, it went up by 3.6 percent and in March 2016, 0.2 percent. Higher annual upticks were registered in the indices of the following commodity groups:

  • Alcoholic Beverages and Tobacco (8.6%)
  • Clothing and Footwear (3.8%)
  • Housing, Water, Electricity, Gas and Other Fuels (3.3%)
  • Furnishing, Household Equipment and Routine Maintenance of the House (2.5%)
  • Health (2.4%)
  • Communication (0.7%)
  • Recreation and Culture (3.7%)

Slower annual hikes were, however, seen in the indices of food and non-alcoholoc beverages at 6.5 percent; transport, 2.9 percent; and restaurant and miscellaneous goods and services, 1.0 percent. Annual movement in the education index remained at 2.6 percent. (Tables 6 and 8)

Areas Outside NCR (AONCR)

Annual inflation in AONCR, likewise, picked up by 3.3 percent in March 2017. It was recorded at 3.2 percent in the previous month and in March 2016, 1.3 percent. Higher annual growths were registered in the indices of alcoholic beverages and tobacco at 6.1 percent; clothing and footwear, 2.6 percent; and housing, water, electricity, gas and other fuels, 4.2 percent. Annual movements in other commodity groups either slowed down or remained at their last month’s rate. (Tables 6 and 8)

Six regions posted higher annual upticks with the highest rate of 4.4 percent observed in Bicol Region. Meanwhile, the lowest annual inflation of 1.6 percent was noticed in Ilocos Region.  (Table 8)

 

MONTH-ON-MONTH2012 Census of Agriculture and Fisheries

Consumer prices in the Philippines moved up at a slower pace of 0.2 percent in March 2017. From a 0.5 percent decline recorded in the previous month, the index for transport rose by 0.5 percent. In addition, higher rates were registered in the indices of clothing and footwear at 0.2 percent; furnishing, household equipment and routine maintenance of the house, 0.3 percent.  On the other hand, the growth in alcoholic beverages and tobacco index slowed down to 0.8 percent; housing, water, electricity, gas and other fuels index, 1.0 percent; and health index, 0.2 percent. The rest of the commodity groups either retained their previous month’s rate or had a zero growth with the food and non-alcoholic beverages index posting a negative monthly rate of 0.4 percent.

Higher charges for electricity rates were observed in all regions during the month. Ship fare hikes and upward adjustments in the prices of gasoline, diesel, LPG, alcoholic beverages and cigarettes were also recorded in NCR and in many provinces.

On the other hand, food items such as fish, fruits, vegetables, sugar, and selected condiments were generally priced lower during the period.

 

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. RECIDE
(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)22.37 KB
File Table 1A Monthly CPI for All Income Households in NCR by Commodity Group: (2006=100)22.83 KB
File Table 1B Monthly CPI for All Income Households in Areas Outside NCR by Commodity Group: (2006=100)22.89 KB
File Table 2 Monthly CPI for All Income Households in the Philippines by Commodity Group, Area/Region: (2006=100)34.94 KB
File Table 3 Month-on-Month Changes of the CPI by Area in Percent: (2006=100)20.24 KB
File Table 4 Year-on-Year Changes of the CPI by Area in Percent: (2006=100)19.75 KB
File Table 5 Month-on-Month Changes of the CPI in Percent, by Area, by Commodity Group: (2006=100)36.75 KB
File Table 6 Year-on-Year Changes of the CPI in Percent, by Area, by Commodity Group: (2006=100)44.25 KB
File Table 7 Month-on-Month Regional Inflation Rates by Commodity Group: (2006=100)28.42 KB
File Table 8 Year-on-Year Regional Inflation Rates by Commodity Group: (2006=100)25.12 KB
File Table 9 Regional Month-on-Month Inflation Rates of Selected Food Items: (2006=100)34.16 KB
File Table 10 Regional Year-on-Year Inflation Rates of Selected Food Items: (2006=100)40.86 KB
File Table 11 Monthly CPI for Food and Food and Non-Alcoholic Beverages for All Income Households, by Area: (2006=100)22.06 KB
File Table 12 Month-on-Month Changes of the CPI on Food and Food and Non-Alcoholic Beverages, in Percent: (2006=100)21.62 KB
File Table 13 Year-on-Year Changes of the CPI on Food and Food and Non-Alcoholic Beverages, in Percent: (2006=100)21.91 KB
File Table 14 Monthly Headline and Core CPI for All Income Households in the Philippines: (2006-100)20.06 KB
File Table 15 Headline and Core Inflation Rates in the Philippines: (2006=100)19.06 KB
File Table 16 CPI for All Income Household in the Philippines, by Selected Commodities and by Geographic Area: (2006=100)29.96 KB
File Table 17 CPI for All Income Households in the Philippines by Major Commodity Group: (2006=100)62.84 KB
File Table 18 CPI for All Income Households in the National Capital Region by Major Commodity Group: (2006=100)61.86 KB
File Table 19 CPI for All Income Households in Areas Outside NCR by Major Commodity Group: (2006=100)62.8 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 Inflation125.3 KB

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