Seasonally Adjusted Consumer Price Index (2006=100) : July 2012

Reference Number: 

2012-059

Release Date: 

Wednesday, August 8, 2012

 

 


Month-on-Month Growth Rates

  • Philippines  
  •           At the national level, the monthly growth of the seasonally adjusted CPI for all items, clothing and footwear, and restaurant and miscellaneous goods and services improved to 0.3 percent in July from 0.4 percent in June. A slower gain of 0.3 percent was also posted in the index of education from 0.7 percent. On the other hand, the index for furnishing, household equipment and routine maintenance of the house rose 0.6 percent from 0.5 percent and that for recreation and culture, 0.3 percent from 0.1 percent. The same previous month’s rate of 0.5 percent was recorded in the index of alcoholic beverages and tobacco; housing, water, electricity, gas and other fuels index (0.6%); and health index (0.2%).

              The lean month of July pushed up the indices for all the commodity groups in the country relative to the expected trend: alcoholic beverages and tobacco; clothing and footwear; housing, water, electricity, gas and other fuels; furnishing, household equipment and routine maintenance of the house; health; recreation and culture; education; and restaurant and miscellaneous goods and services.

  • National Capital Region (NCR)
  •           Compared to a month ago, the seasonally adjusted CPI in NCR for non-food inched up 0.5 percent in July from 0.4 percent and for education, 0.2 percent from 0.1 percent. Meanwhile, the increments in the indices of alcoholic beverages and tobacco and furnishing, household equipment and routine maintenance of the house remained at their previous month’s rates of 0.6 percent and 0.9 percent, respectively. The seasonally adjusted CPI for transport posted a zero growth during the month.

              Weak consumer demand during the lean month raised the indices of the following commodity groups in NCR relative to the expected trend: alcoholic beverages and tobacco; non-food; furnishing, household equipment and routine maintenance of the house; transport; and education.

  • Areas Outside the National Capital Region (AONCR)
  •           In AONCR, slower monthly upticks were observed in clothing and footwear index at 0.3 percent in July from 0.4 percent in June; education index, 0.2 percent from 0.9 percent; and restaurant and miscellaneous goods and services index, 0.4 percent from 0.5 percent. However, the seasonally adjusted CPI for alcoholic beverages and tobacco index increased to 0.4 percent from 0.3 percent; health index; 0.3 percent from 0.2 percent; and recreation and culture index, 0.1 percent from zero growth. The rate of adjustment of the housing, water, electricity, gas and other fuels index was still at 0.5 percent and that for furnishing, household equipment and routine maintenance of the house index, 0.4 percent.

              The lean season pulled up the indices of alcoholic beverages and tobacco; clothing and footwear; housing, water, electricity, gas and other fuels; furnishing, household equipment and routine maintenance of the house; health; recreation and culture; education; and restaurants and miscellaneous goods and services in the area.

     


    Page last updated:   August 8, 2012

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