Consumer Price Index

CPI Press Releases

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

Release Date: Tuesday, January 21, 2020
Reference Number: 2020-SR07-002

Central Visayas’ inflation further accelerated to 2.2 percent in December 2019. Inflation in November 2019 was recorded at 1.1 percent, and in December 2018, 5.3 percent (Table A).

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

Release Date: Tuesday, January 21, 2020
Reference Number: 2020-SR07-001

Central Visayas’ inflation accelerated to 1.1 percent in November 2019. Inflation in October 2019 was recorded at -0.1 percent, and in November 2018, 6.0 percent (Table A).

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

Release Date: Friday, November 22, 2019
Reference Number: 2019-SR07-018

Central Visayas’ inflation decelerated further to -0.1 percent in October 2019. Inflation in September 2019 was recorded at 0.2 percent, and in October 2018, 6.6 percent

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

Release Date: Friday, November 22, 2019
Reference Number: 2019-SR07-017

Central Visayas’ inflation decelerated further to 0.2 percent in September 2019. Inflation in August 2019 was recorded at 1.0 percent, and in September 2018, 7.0 percent

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

Release Date: Thursday, October 31, 2019
Reference Number: 2019-SR07-015

Year on Year Inflation rate in Central Visayas was recorded at 1.0 percent Central Visayas’ inflation decelerated further to 1.0 percent in August 2019. Inflation in July 2019 was recorded at... Read more about August 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Rebasing is necessary when the basket of the reference year no longer represents what is commonly purchased by the households.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.