Seasonally Adjusted Consumer Price Index (2012=100) : November 2021

Reference Number: 2021-501
Release Date: 07 December 2021
 

1. Philippines

The month-on-month increase of the seasonally adjusted CPI for all items at the national level slowed down to 0.5 percent in November 2021, from 0.9 percent in October 2021.

Slower monthly increments were noted in the seasonally adjusted CPI of the following:

          a. Non-food, 0.4 percent from 0.8 percent;
          b. Housing, water, electricity, gas, and other fuels, 0.4 percent from 1.1 percent;
          c. Furnishing, household equipment and routine maintenance of the house, 0.1 percent from 0.4 percent;
          d. Health, 0.2 percent from 0.5 percent;
          e. Recreation and culture; and education, both at 0.1 percent from 0.3 percent; and
          f.  Restaurant and miscellaneous goods and services, 0.2 percent from 0.4 percent.

On the contrary, the monthly uptick was higher in the deseasonalized CPI for alcoholic beverages and tobacco at 0.2 percent in November 2021, from 0.1 percent in October 2021.

Likewise, the month-on-month growth of the seasonally adjusted CPI for food and non-alcoholic beverages went up to 0.5 percent during the period, from -0.7 percent in the previous month. Meanwhile, clothing and footwear remained at its previous month’s rate of 0.2 percent.

This seasonal factor such as the degree of demand of selected goods and services during the season pushed down the indices of the following:

          a. All items;
          b. Food and non-alcoholic beverages;
          c. Alcoholic beverages and tobacco;
          d. Clothing and footwear;
          e. Furnishing, household equipment and routine maintenance;
          f.  Health;
          g. Recreation and culture; and
          h. Restaurant and miscellaneous goods and services.

However, this seasonal factor pushed up the index of education, while it did not affect the indices of non-food; and housing, water, electricity, gas, and other fuels. (Table 1)
 

2. National Capital Region (NCR)

In NCR, the month-on-month growth rate of the seasonally adjusted CPI for all items inched up to 0.4 percent in November 2021, from 0.3 percent in October 2021.

The month-on-month seasonally adjusted CPI for food and non-alcoholic beverages picked up to 1.0 percent in November 2021, from -1.4 percent in October 2021. A higher monthly increment was also noted in the deseasonalized CPI of clothing and footwear at 0.2 percent from 0.1 percent.

Meanwhile, the month-on-month increases slowed down in the seasonally adjusted CPI of the following:

          a. Non-food, 0.4 percent from 0.9 percent;
          b. Housing, water, electricity, gas, and other fuels, 0.6 percent from 1.5 percent;
          c. Furnishing, household, equipment and routine maintenance of the house; recreation and culture; and education, 0.1 percent from 0.2 percent;
          d. Health, 0.3 percent from 0.9 percent; and
          e. Transport, 1.4 percent from 2.4 percent.

In addition, the month-on-month seasonally adjusted CPI for alcoholic beverages and tobacco dropped to -0.3 percent in November 2021, from 0.6 percent in the previous month.

The month-on-month movement of the seasonally adjusted CPI for restaurant and miscellaneous goods and services remained at 0.1 percent.

The seasonal factor such as the degree of demand for selected goods and services during the season pushed up the indices of the following:

          a. All items;
          b. Food and non-alcoholic beverages;
          c. Non-food;
          d. Housing, water, electricity, gas and other fuels;
          e. Transport; and
          f.  Education.

However, this seasonal factor pushed down the indices of alcoholic beverages and tobacco; clothing and footwear; furnishing, household, equipment and routine maintenance of the house; health; and recreation and culture.

This seasonal factor did not affect the indices of non-food, clothing and footwear, and restaurant and miscellaneous goods and services. (Table 2)
 

3. Areas Outside National Capital Region (AONCR)

The monthly increment of the seasonally adjusted CPI for all items in AONCR was faster at 0.5 percent in November 2021, from 0.2 percent in October 2021.

The month-on-month growth of the deseasonalized CPI for food and non- alcoholic beverages rose  to 0.5 percent in November 2021, from -0.4 percent in the previous month.

Meanwhile, the month-on-month increases decelerated in the seasonally adjusted CPI of the following:

          a. Alcoholic beverages and tobacco, 0.1 percent from 0.4 percent;
          b. Non-food, 0.4 percent from 0.7 percent;
          c. Clothing and footwear, 0.2 percent from 0.3 percent;
          d. Housing, water, electricity, gas, and other fuels, 0.4 percent from 1.0 percent;
          e. Furnishing, household equipment and routine maintenance of the house; and education, both at 0.1 percent from 0.5 percent;
          f.  Health, 0.2 percent from 0.5 percent;
          g. Recreation and culture, 0.1 percent from 0.4 percent;
          h. Restaurant and miscellaneous goods and services, 0.1 percent from 0.6 percent.

The seasonal factor like the degree of demand for selected goods and services during the season pushed down the indices of the following:

          a. All items;
          b. Food and non-alcoholic beverages;
          c. Alcoholic beverages and tobacco;
          d. Clothing and footwear;
          e. Housing, water, electricity, gas, and other fuels;
          f.  Furnishing, household equipment and routine maintenance of the house;
          g. Health;
          h. Recreation and culture; and
          i.  Restaurant and miscellaneous goods and services.

On the other hand, this seasonal factor pushed up the index of education, while it did not affect the index of non-food. (Table 3)

 

See more at the Seasonally Adjusted Consumer Price Index main page.

 

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