PREVIOUS RELEASE

Summary Inflation Report Consumer Price Index (2006=100) : September 2016

Release Date: [field_releasedate]
Release Date: 05 October 2016
 

Year-on-Year Inflation Rates, All Items
  September 2016 August 2016 September 2015 Year-to-date
  Philippines        
     Headline 2.3 1.8 0.4 1.6
     Core 2.3 2.0 1.4 1.7
  NCR        
     Headline 2.0 1.2 0.1 0.8
  AONCR        
    Headline 2.4 2.0 0.4 1.7

  • The country’s annual headline inflation picked up 2.3 percent in September 2016. It was posted at 1.8 percent a month ago and 0.4 percent in September 2015. Higher annual increments were noted in the indices of food and non-alcoholic beverages; alcoholic beverages and tobacco; clothing and footwear; housing, water, electricity, gas, and other fuels; furnishing, household equipment and routine maintenance of the house; and transport (Table 8).

  • Excluding selected food and energy items, core inflation climbed 2.3 percent in September 2016. Last month, it rose by 2.0 percent and in September 2015, 1.4 percent (Table 15).

    • Similarly, inflation in NCR increased 2.0 percent in September 2016.  It was pegged at 1.2 percent last month and 0.1 percent in September 2015. This was effected by higher annual gains recorded in the indices of food and non-alcoholic beverages; furnishing, household equipment and routine maintenance of the house; health; and restaurant and miscellaneous goods and services (Table 8).

    • Following the same trend, inflation in Areas Outside NCR (AONCR) accelerated 2.4 percent in September 2016. In August 2016, it advanced by 2.0 percent and in September 2015, 0.4 percent.  The indices of seven out of the 11 commodity groups had higher annual rates during the month (Table 8).

     

    Year-on-Year Inflation Rates in the Philippines, All Items
    January 2011 - September 2016
    (2006=100)

    Month

    Year

    2011 2012 2013 2014 2015 2016
    January

    4.0

    4.0

     3.1  4.2 2.4 1.3
    February 4.7 2.7 3.4  4.1 2.5 0.9
    March 4.9 2.6 3.2 3.9 2.4 1.1
    April 4.7 3.0 2.6 4.1 2.2 1.1
    May 4.9 3.0 2.6 4.5 1.6 1.6
    June 5.2 2.9  2.7 4.4 1.2 1.9
    July 4.9 3.2 2.5 4.9 0.8 1.9
    August 4.6 3.8 2.1 4.9 0.6 1.8
    September 4.7 3.7 2.7 4.4 0.4 2.3
    October 5.2 3.2 2.9 4.3 0.4  
    November 4.7 2.8 3.3 3.7 1.1  
    December 4.2 3.0 4.1 2.7 1.5  
    Average 4.6 3.2 3.0 4.1 1.4  

     

    Month-on-Month Inflation Rates, All Items
    (2006=100)
      September 2016 August 2016
      Philippines 0.2 0.1
      NCR 0.4 0.1
      AONCR 0.2 0.0

     

    • Consumer prices in the Philippines generally went up 0.2 percent in September 2016. The heavily-weighted food items such as rice, vegetables, fruits, eggs, milk and milk products were priced higher during the month.  Also contributing to the uptrend were the general upward price adjustments in gasoline and diesel and selected items for personal care and effects.  Higher air and ship fares were also noted in many provinces.


      CONSUMER PRICE INDEX
      (2006=100)
      SEPTEMBER 2016

       By Region, Year-on-Year

    • Inflation in NCR advanced 2.0 percent in September.
    • Likewise, inflation in AONCR gained 2.4 percent as 12 regions had higher annual increments during the month. The highest annual inflation of 3.8 percent was observed in Central Visayas and SOCCSKSARGEN while the lowest rate of 1.4 percent was noted in Ilocos Region and CALABARZON.

       By Commodity Group, Year-on-Year

    • At the national level, annual mark-ups were higher in the indices of food and non-alcoholic beverages at 3.1 percent in September; alcoholic beverages and tobacco, 6.2 percent; clothing and footwear, 2.7 percent; housing, water, electricity, gas, and other fuels, 0.9 percent; furnishing, household equipment and routine maintenance of the house, 2.3 percent; and transport, 0.2 percent.  The rest of the commodity groups retained their previous month’s rates (Table 8).

    • On an annual basis, the country’s food alone index accelerated 3.1 percent in September 2016.  Last month, it went up 2.5 percent and in September 2015, 0.7 percent (Table 13).

    • A double-digit annual growth of 10.8 percent was noted in vegetables index. Moreover, faster annual add-ons were seen in the indices of rice at 1.0 percent; other cereals, flour, cereal preparation, bread,  pasta and other bakery products, 1.6 percent; fish, 4.6 percent; milk, cheese and egg, 2.1 percent; oils and fats, 4.3 percent; and fruits, 8.2 percent. Other food groups either had slower annual increments or retained their last month’s rate except for food products not elsewhere index which continued to post negative rate at -2.1 percent (Table 10).

    • In NCR, the annual uptick in food and non-alcoholic beverages index was higher at 4.7 percent; furnishing, household equipment and routine maintenance of the house index, 1.7 percent; health index, 1.1 percent; and restaurant and miscellaneous goods and services index, 1.2 percent.  The rest of the commodity groups either had annual declines or retained their last month’s rates (Table 8).

      • The annual change of the food alone index in NCR climbed 4.9 percent in September 2016.  It was pegged at 3.5 percent last month and 0.4 percent in September 2015 (Table 13).

      • A double-digit annual growth of 15.4 percent was still observed in the fruits index. In addition, higher annual add-ons were posted in the indices of vegetables at 12.0 percent; rice, 0.8 percent; other cereals, flour, cereal preparation, bread, pasta and other bakery products, 2.7 percent; milk, cheese and egg, 2.1 percent; oils and fats, 5.8 percent; and sugar, jam, honey, chocolate and confectionery, 4.8 percent.  Meanwhile, other food groups either retained their previous month’s rates or had slower annual growths with the index for food products not elsewhere classified still recording an annual decline at -1.7 percent (Table 10).

    • In AONCR, the annual movement in food and non-alcoholic beverages index gained momentum at 2.8 percent in September; alcoholic beverages and tobacco index, 6.5 percent; clothing and footwear index, 2.7 percent; housing, water, electricity, gas, and other fuels index, 1.4 percent; furnishing, household equipment and routine maintenance of the house index, 2.6 percent; health index, 3.2 percent; and transport index, 0.5 percent. The rest of the commodity groups moved at their last month’s rates (Table 8).
      • Annual adjustment of the food alone index in AONCR advanced 2.8 percent in September. Its annual growth last month was 2.3 percent and in September 2015, 0.8 percent (Table 13).

      • The vegetable index exhibited a double-digit annual uptick of 10.6 percent.  Moreover, the annual increase in rice index was higher by 1.0 percent; fish index, 3.7 percent; milk, cheese and egg index, 2.1 percent; oils and fats index, 3.9 percent; and fruits index, 6.5 percent. On the other hand, the index for food products not elsewhere classified index continued to move downward by 2.2 percent. The other food groups either retained their previous month’s rates or had slower annual increases (Table 10).

       By Region, Month-on-Month

  • In NCR, prices of consumer items rose 0.4 percent in September.  Last month, the growth was pegged at 0.1 percent. The uptrend was brought about by higher mark-ups registered in the indices of food and non-alcoholic beverages at 1.0 percent; health, 0.2 percent; transport, 0.3 percent; and recreation and culture, 0.1 percent. However, the index for furnishing, household equipment and routine maintenance of the house moved up at a slower pace of 0.1 percent while that for restaurant and miscellaneous goods and services index maintained its last month’s rate of 0.1 percent.  The rest of the commodity groups had a zero growth.

  • Similarly, consumer prices in AONCR inched up 0.2 percent in September 2016 after it had zero growth last month.  The heavily-weighted food and non-alcoholic beverages index rose 0.4 percent during the month.  Likewise, the indices for transport and furnishing, household equipment and routine maintenance of the house both picked up 0.2 percent.  The rest of the commodity groups retained their previous month’s rates or had slower increments with the indices of housing, water, electricity, gas, and other fuels, communication; recreation and culture; and education recording a zero growth during the month.

  • Price hikes were faster in nine regions with the highest monthly growth of 0.8 percent noted in CAR.  Meanwhile, the lowest rate of -0.3 percent was observed in Davao Region (Table 7).

  • Among the three big areas of the country, price upticks in Luzon were generally faster compared to Visayas areas.  On the contrary, prices in Mindanao areas generally went down during the month.

  •    By Commodity Group, Month-on-Month

    • Prices of consumer items in the Philippines went up 0.2 percent in September.  This was mainly effected by the 0.4 percent growth registered in the heavily-weighted food and non-alcoholic beverages index.  Moreover, a faster rate of 0.2 percent was noted in the transport index. The index for recreation and culture increased 0.1 percent compared to a zero growth last month. The indices for housing, water, electricity, gas, and other fuels, communication and education had a zero growth during the month.  The rest of the commodity groups either retained their previous month’s rates or had lower monthly increases (Table 7).

      • Lower supplies of vegetables in the markets pushed up its prices in NCR and in selected regions. Thus, the vegetables index in NCR escalated 7.4 percent and in AONCR, 1.3 percent. The national index climbed 2.3 percent.

      • The index for rice in NCR went up 0.3 percent during the month. Similarly, the index for rice in AONCR rose 0.6 percent as seven regions registered higher monthly rates. The highest growth of 1.1 percent was seen in Caraga while the lowest rate of -0.3 percent was in Zamboanga Peninsula.  For the Philippines, the group’s index advanced 0.5 percent.

      • With the price hikes of off-season fruits particularly mango in many regions including NCR, the group’s index in NCR accelerated 6.9 percent and in AONCR, 1.6 percent. Upward price adjustments in banana, pineapple and papaya also contributed to the uptrend.  At the national level, the growth was pegged at 2.7 percent.

      • Supplies of fresh eggs in the markets were lower during the month, thus, raising its prices in NCR and in many provinces. Higher prices of milk and milk products in many provinces were also noted. These factors effected the 0.4 percent growth in the index for milk, cheese and egg in NCR and 0.3 percent in AONCR. At the country level, the group’s index moved up 0.3 percent (Table 9).

    • The transport index in NCR posted a 0.3 percent growth during the month due to the general upward price adjustments in gasoline and diesel. Similarly, the transport index in AONCR went up 0.2 percent.  This was brought about by higher air and ship fares and price increases in gasoline and diesel in many provinces.  For the Philippines, the group’s index advanced 0.2 percent.

    • Higher prices of selected items for personal care and effects in many provinces pushed up the index for restaurants and miscellaneous goods and services in NCR and AONCR by 0.1 percent.  At the national level, the group’s index inched up 0.1 percent.

    • The index for furnishing, household equipment and routine maintenance of the house in NCR pushed up 0.1 percent and in AONCR, 0.2 percent as selected appliances and household goods were generally priced higher during the month. The national index expanded 0.1 percent.

    Notes:

    1. The second phase survey report for September 2016 from Basilan was not received as of October 4, 2016.
    2.  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).


     

     
     
                                                                (Sgd)  LISA GRACE S. BERSALES, Ph.D
                                                                           National Statistician and Civil Registrar General
               

     


    AttachmentSize
    PDF icon Table 1 Monthly CPI for All Income Households in the Philippines by Commodity Group: (2006=100)6.88 KB
    PDF icon Table 1A Monthly CPI for All Income Households in NCR by Commodity Group: (2006=100)7.18 KB
    PDF icon Table 1B Monthly CPI for All Income Households in Areas Outside NCR by Commodity Group: (2006=100)7.2 KB
    PDF icon Table 2 Monthly CPI for All Income Households in the Philippines by Commodity Group, Area/Region: (2006=100)19.7 KB
    PDF icon Table 3 Month-on-Month Changes of the CPI by Area in Percent: (2006=100)4.39 KB
    PDF icon Table 4 Year-on-Year Changes of the CPI by Area in Percent: (2006=100)4.42 KB
    PDF icon Table 5 Month-on-Month Changes of the CPI in Percent, by Area, by Commodity Group: (2006=100)9.97 KB
    PDF icon Table 6 Year-on-Year Changes of the CPI in Percent, by Area, by Commodity Group: (2006=100)11.69 KB
    PDF icon Table 7 Month-on-Month Regional Inflation Rates by Commodity Group: (2006=100)11.5 KB
    PDF icon Table 8 Year-on-Year Regional Inflation Rates by Commodity Group: (2006=100)12.03 KB
    PDF icon Table 9 Regional Month-on-Month Inflation Rates of Selected Food Items: (2006=100)23.2 KB
    PDF icon Table 10 Regional Year-on-Year Inflation Rates of Selected Food Items: (2006=100)37.72 KB
    PDF icon Table 11 Monthly CPI for Food and Food and Non-Alcoholic Beverages for All Income Households, by Area: (2006=100)4.96 KB
    PDF icon Table 12 Month-on-Month Changes of the CPI on Food and Food and Non-Alcoholic Beverages, in Percent: (2006=100)4.57 KB
    PDF icon Table 13 Year-on-Year Changes of the CPI on Food and Food and Non-Alcoholic Beverages, in Percent: (2006=100)4.84 KB
    PDF icon Table 14 Monthly Headline and Core CPI for All Income Households in the Philippines: (2006-100)4.33 KB
    PDF icon Table 15 Headline and Core Inflation Rates in the Philippines: (2006=100)4.46 KB
    PDF icon Table 16 CPI for All Income Household in the Philippines, by Selected Commodities and by Geographic Area: (2006=100)15.08 KB
    PDF icon Table 17 CPI for All Income Households in the Philippines by Major Commodity Group: (2006=100)48.14 KB
    PDF icon Table 18 CPI for All Income Households in the National Capital Region by Major Commodity Group: (2006=100)50.42 KB
    PDF icon Table 19 CPI for All Income Households in Areas Outside NCR by Major Commodity Group: (2006=100)49.77 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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