September 2021 CPI in Cebu province was recorded at 130.1

For the month of September 2021, Cebu province recorded a CPI of 130.1 in all items in all income households which was higher compared to the CPI in August 2021 at 129.9. An increasing trend in the movement of CPI was noted for the period September 2020 until September 2021 in which the month of September recorded the highest CPI while the month of September and October 2020 recorded the lowest. (See Figure 1)

Higher indices in all commodity groups

Higher indices were noted in all of the commodity groups from August to September 2021 compared to August to September in 2020, except for Education and Communication which posted a constant index. Commodity group Alcoholic Beverages and Tobacco recorded the highest index in Cebu province of the same period while Communication recorded the lowest index among commodity group. (See Table 1.)

Year on Year Inflation rate in Cebu Province was recorded at 3.4%

The inflation rate in Cebu Province further accelerated to 3.4% in September 2021 compared to 2.8% in August 2021. In September 2020, the inflation rate of Cebu province was at 0.6%. 
(See Table 2.)

Highest inflation recorded in the month of September 2021

The month of September 2021 generated the highest inflation for the period September 2020 to September 2021 while the month of January 2021 recorded the lowest inflation at 0% since the CPI of the January 2020 and 2021 are the same at 127.  (See Figure 2.)
 

PPP in Cebu province remains constant at 0.77 in September 2021

Purchasing power of peso in Cebu province for the month of September 2021 remains constant at 0.77 compared to the month of August 2021.  The PPP in Cebu province for the period September 2020 to September 2021 showed a decreasing trend from 0.79 in the months of September 2020 until January 2021 to 0.77 in the months of May to September 2021. (See Figure 3)