Consumer Price Index

CPI Press Releases

September 2020 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

Release Date: Friday, November 6, 2020
Reference Number: 2020-SR07-023

The inflation in Central Visayas slowed down at 1.1 percent in September 2020 compared to the 1.3 percent annual increase in August 2020. In... Read more about September 2020 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

August 2020 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

Release Date: Friday, November 6, 2020
Reference Number: 2020-SR07-022

The inflation in Central Visayas exhibited a slower pace for August 2020 at 1.3 percent which was lower than the 2.3 percent annual increase in... Read more about August 2020 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

July 2020 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

Release Date: Thursday, October 1, 2020
Reference Number: 2020-SR07-019

The inflation in Central Visayas exhibited a slower pace for July 2020 at 2.3 percent which was lower than the 2.7 percent annual increase in... Read more about July 2020 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

June 2020 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

Release Date: Thursday, October 1, 2020
Reference Number: 2020-SR07-018

Inflation in Central Visayas for June 2020 went up to 2.7 percent which was higher than the 2.2 percent annual increase in May 2020. In June 2019... Read more about June 2020 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

May 2020 Consumer Price Index (CPI), Inflation Rate (IR) and Purchasing Power of Peso (PPP) of Siquijor Province

Release Date: Monday, July 13, 2020
Reference Number: 2020-SR61-014

Siquijor CPI increases at 128.0 Consumer Price Index or CPI is most widely used in the calculation of the inflation rate and purchasing power of... Read more about May 2020 Consumer Price Index (CPI), Inflation Rate (IR) and Purchasing Power of Peso (PPP) of Siquijor Province

CPI Press Releases by Year

Technical Notes

*  2012 Base Year

Rationale for Rebasing the CPI from 2006 to 2012

Rebasing is necessary when the basket of the reference year no longer represents what is commonly purchased by the households. The CPI then becomes irrelevant and would tend to give wrong market signals. The CPI is an indicator that derives its usefulness from its representation of how much a typical market basket behaves over a specific period of time.

Economic, social and technological changes may have influenced Filipinos’ tastes and preferences and these, in effect may have resulted in changes in the consumption patterns of the population. As household expenditure patterns vary (they tend to spend less on some items and more on others), weights are used to ensure that the CPI reflects the relative importance of each item or group of items in the market basket. The weights are expressed as a proportion of household expenditure for an item to the total national expenditure.

The rebasing of the CPI from 2006 to 2012 is in consonance with the recommendation of the PSA Board in its Resolution No. 01 series of 2017-146 (Approving the Synchronized Rebasing of Price Indices to Base Year 2006 and every six (6) years thereafter) to reflect the latest composition of goods and services consumed and availed of by households across provinces of the country.

The main data source of consumption pattern (CPI weights) for this latest rebasing was the 2012 Family Income and Expenditure Survey (FIES). Meanwhile, the Survey of Key Informants was conducted from 07 October to 15 November 2013 to determine the commodities that will form the market basket for the 2012-based CPI.