ARMM Consumer Price Index (As of July 2018)
Survey of Retail Prices of Commodities conducted by the Philippine Statistics Authority (PSA) has generated a Consumer Price Index (CPI) of 124.5 as of July 2018, using 2012 as the base year, in ARMM. This implies that the average cost of a basket of goods and services commonly purchased by a typical Filipino household in ARMM was Php124.5 as of July 2018. This is 0.3 percent higher than that of June 2018 with CPI = 124.1.
|Commodity Group||July 2018||July 2017||June 2018||June 2017|
|Food and Non-Alcoholic Beverages||131.9||121.4||132.1||120.6|
|Alcoholic Beverages and Tobacco||156.9||134.6||148.6||134.3|
|Clothing and Footwear||116.5||111.1||115.4||110.9|
|Housing, Water, Electricity, Gas, and Other Fuels||110.3||105.6||109.1||105.3|
|Furnishing, Household Equipment and Routine Maintenance of the House||117.3||110.4||116.4||110.2|
|Recreation and Culture||115.7||109.7||114.6||109.5|
|Restaurant and Miscellaneous Goods and Services||116.4||109.9||115||109.6|
Commodities under the groups of Alcoholic Beverages and Tobacco, and Food and Non-Alcoholic Beverages had the highest corresponding CPIs of 156.9 and 131.9 in July 2018, respectively. These two commodity groups have CPIs higher than the total average CPI of all items in the region.
On the other hand, Communication with CPI 103.2 recorded the lowest CPI during the same period.
The year-on-year headline inflation rate in ARMM is at 7.5 percent as of July 2018 (2012=100). This implies that the prices of commodities and prices in the region on the average increased by 7.5 percent compared to the same period in the previous year.
Commodity groups of Alcoholic Beverages and Tobacco, Food and Non-Alcoholic Beverages and Transport have shown the most volatile annual prices in July 2018 with the inflation rates of 16.6 percent, 8.6 percent and 8.1 percent, respectively. These three commodity groups have inflation rates higher than the total average inflation rate of all items in the region. On the other hand, the Alcoholic Beverages and Tobacco and Transport have the most rapidly changing average prices between July 2018 and June 2018 with an increase of 5.6 percent and 2.1 percent, respectively.
|Commodity Group||July 2018||June 2018|
|Food and Non-Alcoholic Beverages||8.6||9.5|
|Alcoholic Beverages and Tobacco||16.6||10.6|
|Clothing and Footwear||4.9||4.1|
|Housing, Water, Electricity, Gas, and Other Fuels||4.5||3.6|
|Furnishing, Household Equipment and Routine Maintenance of the House||6.3||5.6|
|Recreation and Culture||5.5||4.7|
|Restaurant and Miscellaneous Goods and Services||5.9||4.9|
Purchasing Power of Peso
Purchasing Power of Peso (PPP) is inversely related to inflation rate. Thus, as the inflation rate increases, PPP declines. PPP in 2017 is 0.86. This implies that the Php1.0 in 2012, as the base year, values only Php 0.86 in 2017.