Seasonally Adjusted Consumer Price Index (2012=100) : June 2018

Reference Number: 

2018-106

Release Date: 

Thursday, July 5, 2018
 

 


Month-on-Month Growth Rates
 

Philippines

     The seasonally adjusted CPI for all items at the country level went up by 0.6 percent in June from 0.2 percent in May. Likewise, higher increments were registered in the indices of the following commodity groups:

  • Food and Non-alcoholic Beverages (0.5% from 0.2%);
  • Non-food (0.5% from 0.3%);
  • Housing, Water, Electricity, Gas and Other Fuels (0.7% from 0.2%); and
  • Education (1.1% from 0.2%).

On the other hand, slower monthly gains were noted in the indices of alcoholic beverages and tobacco at 0.8 percent from 1.0 percent; clothing and footwear, 0.1 percent from 0.2 percent; and restaurant and miscellaneous goods and services, 0.3 percent from 0.4 percent. The index of recreation and culture declined by 0.1 percent from a positive growth of 0.1 percent in the previous month. Movements in the indices of furnishing, household equipment and routine maintenance of the house and health remained at 0.3 percent and 0.1 percent, respectively.

     Relative to the expected trend, seasonal factors such as the increases in tuition fees and higher demand for selected goods during the opening of classes pushed up the indices of the following commodity groups:

  • Alcoholic Beverages and Tobacco;
  • Non-food;
  • Clothing and Footwear;
  • Health;
  • Recreation and Culture;
  • Education; and
  • Restaurant and Miscellaneous Goods and Services.

However, these seasonal factors pushed down the indices of food and non-alcoholic beverages and housing, water, electricity, gas and other fuels. The indices for all items and furnishing, household equipment and routine maintenance of the house were not affected by these seasonal factors (see Table 1).
 

National Capital Region (NCR)

     In NCR, the seasonally adjusted CPI for food and non-alcoholic beverages and non-food both moved up by 0.6 percent in June from their corresponding previous month’s rates of -0.8 percent and 0.2 percent. The indices of furnishing, household equipment and routine maintenance of the house and education likewise picked up by 0.3 percent and 2.3 percent, respectively from 0.2 percent growth in the previous month. However, slower mark-ups were observed in the indices of alcoholic beverages and tobacco at 0.3 percent from 0.7 percent and restaurant and miscellaneous goods and services, 0.2 percent from 0.4 percent. The index of recreation and culture dropped by 0.3 percent from zero growth in the previous month.

      Seasonal factors such as tuition fee hikes and bigger demand for selected goods during the opening of classes pushed up the indices of the following commodity groups:

  • Alcoholic Beverages and Tobacco;
  • Non-food;
  • Furnishing, Household Equipment and Routine Maintenance of the House;
  • Recreation and Culture;
  • Education; and
  • Restaurant and Miscellaneous Goods and Services.

These seasonal factors, however, pushed down the index of food and non-alcoholic beverages (see Table 2).
 

Areas Outside National Capital Region (AONCR)

     The seasonally adjusted CPI for all items in AONCR rose by 0.5 percent in June from 0.3 percent in May. Moreover, higher monthly upticks were noted in the indices of food and non-alcoholic beverages at 0.4 percent from 0.3 percent and health, 0.2 percent from 0.1 percent. The indices of housing, water, electricity, gas and other fuels and education also went up at a faster pace of 0.6 percent from 0.2 percent and 0.3 percent, respectively. On the contrary, increments registered in the indices of alcoholic beverages and tobacco decelerated to 0.9 percent from 1.1 percent and furnishing, household equipment and routine maintenance of the house, 0.2 percent from 0.3 percent. The indices of non-food and restaurant and miscellaneous goods and services retained their previous month’s rate of 0.4 percent and clothing and footwear, 0.2 percent with the index of recreation and culture registering a zero growth during the month from 0.1 percent.

     Relative to the expected trend, seasonal factors such as the increases in tuition fees and higher demand for some goods during the opening of classes pushed up the indices of the following commodity groups:

  • All Items;
  • Alcoholic Beverages and Tobacco;
  • Non-food;
  • Housing, Water, Electricity, Gas and Other Fuels;
  • Health;
  • Recreation and Culture;
  • Education; and
  • Restaurant and Miscellaneous Goods and Services.

Meanwhile, these seasonal factors did not affect the indices of food and non-alcoholic beverages; clothing and footwear; and furnishing, household equipment and routine maintenance of the house (see Table 3).
 

Note :  Accompanying this report are the summary tables showing the Seasonally Adjusted CPI for the 2006-based series.

 

See more at the Seasonally Adjusted Consumer Price Index page.

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