ARMM Consumer Price Index (As of January 2018)
Consumer Price Index
Survey of Retail Prices of Commodities conducted by the Philippine Statistics Authority (PSA) has generated a Consumer Price Index (CPI) of 174.2, as of January 2018 using 2006 as the base year. This implies that the cost of a basket of goods and services commonly purchased by a typical Filipino household in ARMM was at an average of Php174.2, as of January 2018. This is 18.83 percent higher than in January 2017 with CPI = 146.6 and 1.16 percent higher than in December 2017 with CPI = 172.2.
|Food and Non-Alcoholic Beverages||200.2||186.4||197.8||185.0|
|Alcoholic Beverages and Tobacco||213.0||194.4||207.0||193.4|
|Clothing and Footwear||139.0||134.6||137.5||134.5|
|Housing, Water, Electricity, Gas, and Other Fuels||136.5||132.2||135.1||130.6|
|Furnishing, Household Equipment and Routine Maintenance of the House||135.4||132.6||134.7||132.4|
|Recreation and Culture||137.2||134.7||136.8||134.3|
|Restaurant and Miscellaneous Goods and Services||149.6||144.7||148.2||144.5|
Commodities under the groups of Alcoholic Beverages and Tobacco and Food and Non-Alcoholic Beverages had the highest corresponding CPIs of 200.2 and 213.0 in January 2018 respectively. These two commodity groups had CPIs higher than the total average CPI of all items in the region. On the other hand, Transport with CPI 117.8, and Communication with CPI 100.0 had the lowest CPIs during the same period.
The year-on-year headline inflation rate in ARMM was at 5.8 percent in January 2018. This implies that the average price of basket of goods and services in ARMM increased by 5.8 percent between January 2017 and January 2018. Moreover, average price of basket of goods and services in the region increased by approximately 0.9 percent in January 2018 compared to the average price in the previous month.
Commodity groups of Alcoholic Beverages and Tobacco and Food and Non-Alcoholic Beverages have shown the most volatile annual prices in January 2018 with the inflation rates of 9.6 percent and
|Food and Non-Alcoholic Beverages||7.4||4.3||1.2||0.4|
|Alcoholic Beverages and Tobacco||9.6||5.3||2.9||0.7|
|Clothing and Footwear||3.3||1.1||1.1||0.1|
|Housing, Water, Electricity, Gas, and Other Fuels||3.3||3.8||1.0||0.3|
|Furnishing, Household Equipment and Routine Maintenance of the House||2.1||1.1||0.5||0.1|
|Recreation and Culture||1.9||1.7||0.3||0.1|
|Restaurant and Miscellaneous Goods and Services||3.4||1.3||0.9||0.3|
Purchasing Power of Peso
Purchasing Power of Peso (PPP) is inversely related to inflation rate. Thus, as the inflation rate increases, PPP declines. In ARMM, PPP decreased by 4.84 percent in 2017 and has been decreasing at an average rate of 5.18 percent annually between 1997 and 2017.
The PPP in 2017 was 0.59. This implies that the Php1.00 in 2006, as the base year, values only Php 0.59 in 2017 and was worth Php 1.72 in 1997.