ARMM Consumer Price Index (as of October 2018)
Survey of Retail Prices of Commodities conducted by the Philippine Statistics Authority (PSA) has generated a Consumer Price Index (CPI) of 126.3 as of October 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 Php126.3 as of October 2018. This is 0.4 percent lower than the September 2018 with CPI = 126.8.
|Commodity Group||October 2018||October 2017||September 2018||September 2017|
|Food and Non-Alcoholic Beverages||134.0||122.4||134.7||122.0|
|Alcoholic Beverages and Tobacco||160.7||135.5||160.6||135.4|
|Clothing and Footwear||118.0||111.7||117.9||111.5|
|Housing, Water, Electricity, Gas, and Other Fuels||112.1||106.1||111.4||105.9|
|Furnishing, Household Equipment and Routine Maintenance of the House||117.3||110.9||117.4||110.8|
|Recreation and Culture||117.0||110.0||116.8||110.0|
|Restaurant and Miscellaneous Goods and Services||121.2||110.6||120.6||110.4|
Commodities under the groups of Alcoholic Beverages and Tobacco and Food and Non-Alcoholic Beverages had the highest corresponding CPIs of 160.7 and 134.0 in October 2018, respectively. These two commodity groups have CPIs higher than the total average CPI of all items in the region.
On the other hand, Transport with CPI = 99.6 have the lowest CPI, drops by 3.3 percent from the previous 103.0, during the same period
The year-on-year headline inflation rate in ARMM is at 8.3 percent as of October 2018 (2012=100). This implies that the prices of commodities and prices in the region on the average increased by 8.3 percent compared to the same period in the previous year.
Commodity groups of Alcoholic Beverages and Tobacco, Restaurant and Miscellaneous Goods and Services and Food and Non-Alcoholic Beverages, have shown the most volatile annual prices in October 2018 with the inflation rates of 18.6 percent, 9.6 percent and 9.5 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 Transport has the most rapidly changing average price between October 2018 and September 2018 with a decrease of 3.3 percent.
|Commodity Group||October 2018||September 2018|
|Food and Non-Alcoholic Beverages||9.5||10.4|
|Alcoholic Beverages and Tobacco||18.6||18.6|
|Clothing and Footwear||5.6||5.7|
|Housing, Water, Electricity, Gas, and Other Fuels||5.7||5.2|
|Furnishing, Household Equipment and Routine Maintenance of the House||5.8||6.0|
|Recreation and Culture||5.4||6.2|
|Restaurant and Miscellaneous Goods and Services||9.5||9.2|
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 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.