Consumer Price Index

CPI Press Releases

July 2019 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

Release Date: Thursday, August 8, 2019
Reference Number: 2019-SR07-014

Central Visayas’ inflation rate remained constant at 1.1 percent in July 2019 compared to June 2019 while inflation in July 2018 was at 6.5 percent (Table A). The constant of inflation in July... Read more about July 2019 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

June 2019 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

Release Date: Monday, July 15, 2019
Reference Number: 2019-SR07-013

Central Visayas’ inflation rate decelerated to 1.1 percent in June 2019. Inflation in May 2019 was recorded at 1.5 percent, and in June 2018, 6.4 percent (Table A).

May 2019 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

Release Date: Monday, June 24, 2019
Reference Number: 2019-SR07-011

Central Visayas’ inflation rate went up to 1.5 percent in May 2019. Inflation in April 2019 was recorded at 1.3 percent, and in May 2018, 6.0 percent (Table A).

April 2019 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

Release Date: Thursday, May 16, 2019
Reference Number: 2019-SR07-010

Central Visayas’ inflation rate further decelerated to 1.3 percent in April 2019. The inflation was lower compared to last year of the same period at 5.8 percent. In the previous month, inflation... Read more about April 2019 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

March 2019 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

Release Date: Tuesday, May 7, 2019
Reference Number: 2019-SR07-009

Central Visayas’ inflation rate further decelerated to 2.2 percent in March 2019. The inflation was lower compared to last year of the same period at 5.2 percent. In the previous month, inflation... Read more about March 2019 Consumer Price Index (CPI), Inflation Rate (IR), Purchasing Power of Peso (PPP) of Central Visayas

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Rebasing is necessary when the basket of the reference year no longer represents what is commonly purchased by the households.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.