ARMM Consumer Price Index (As of August 2018)
Survey of Retail Prices of Commodities conducted by the Philippine Statistics Authority (PSA) has generated a Consumer Price Index (CPI) of 125.4 as of August 2018, using 2012 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 Php125.4 as of August 2018. This is 0.7 percent higher than the July 2018 with CPI = 124.5.
|Commodity Group||August 2018||August 2017||July 2018||July 2017|
|Food and Non-Alcoholic Beverages||132.8||121.6||131.9||121.4|
|Alcoholic Beverages and Tobacco||157.5||135.3||156.9||134.6|
|Clothing and Footwear||118.2||111.4||116.5||111.1|
|Housing, Water, Electricity, Gas, and Other Fuels||110.8||105.9||110.3||105.6|
|Furnishing, Household Equipment and Routine Maintenance of the House||117.5||110.7||117.3||110.4|
|Recreation and Culture||116.3||110.0||115.7||109.7|
|Restaurant and Miscellaneous Goods and Services||119.8||110.3||116.4||109.9|
Commodities under the groups of Alcoholic Beverages and Tobacco and Food and Non-Alcoholic Beverages had the highest corresponding CPIs of 157.5 and 132.8 in August 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 103.5 have the lowest CPI during the same period.
The year-on-year headline inflation rate in ARMM is at 8.1 percent as of August 2018 (2012=100). This implies that the prices of commodities and prices in the region on the average increased by 8.1 percent compared to the same period in the previous year.
Commodity groups of Alcoholic Beverages and Tobacco, Food and Non-Alcoholic Beverages and Restaurant and Miscellaneous Goods and Services, have shown the most volatile annual prices in August 2018 with the inflation rates of 16.4 percent, 9.2 percent and 8.6 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 Restaurant and Miscellaneous Goods and Services and Clothing and Footwear have the most rapidly changing average prices between August 2018 and July 2018 with an increase of 45.76 percent and 24.49 percent, respectively.
|Commodity Group||August 2018||July 2018|
|Food and Non-Alcoholic Beverages||9.2||8.6|
|Alcoholic Beverages and Tobacco||16.4||16.6|
|Clothing and Footwear||6.1||4.9|
|Housing, Water, Electricity, Gas, and Other Fuels||4.6||4.5|
|Furnishing, Household Equipment and Routine Maintenance of the House||6.1||6.3|
|Recreation and Culture||5.7||5.5|
|Restaurant and Miscellaneous Goods and Services||8.6||5.9|
Purchasing Power of Peso
PesoPurchasing Power of Peso (PPP) is inversely related to inflation rate. Thus, as the inflation rate increases, PPP declines. In ARMM, PPP decreased by 3.4 percent in 2017 and has been decreasing at an average rate of 2.97 percent annually between 2012 and 2017.
The 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.