CPI

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

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 peso. It is an indicator of the changes in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to the base year.
As of May 2020 the survey of retail prices of commodities conducted by Philippine Statistics Authority (PSA) has generated a CPI of 128.0 using 2012 as the base year. But it has a slight decrease of 0.5 from April 2020 which posted a CPI of 128.5. During the same period in 2019, the CPI was at 125.7. The CPI for May 2020 period implied that the cost of a basket of goods and services commonly purchased by typical Filipino households in the Province of Siquijor was at an average of P128.0. Price indices are used for economic analysis and as a monitoring indicator of government’s economic policy. Table 1 below shows the CPI result of Siquijor by commodity group.

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

Siquijor CPI marks at 128.5

As of April 2020 the survey of retail prices of commodities conducted by Philippine Statistics Authority (PSA) has generated a CPI of 128.5 using 2012 as the base year. It decreases from March 2020 which posted a CPI of 128.7. During the same period in 2019, the CPI was at 125.0. The CPI for April 2020 period implied that the cost of a basket of goods and services commonly purchased by typical Filipino households in the Province of Siquijor was at an average of P128.5.

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