ARMM Consumer Price Index (as of December 2018)
Survey of Retail Prices of Commodities conducted by the Philippine Statistics Authority (PSA) has generated a Consumer Price Index (CPI) of 126.9 as of December 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 Php126.9 as of December 2018. This is 0.2 percent higher than the November 2018 with CPI = 126.7.
|Commodity Group||December 2018||December 2017||November 2018||November 2017|
|Food and Non-Alcoholic Beverages||134.6||124.6||134.1||124.0|
|Alcoholic Beverages and Tobacco||161.8||136.4||161.5||135.8|
|Clothing and Footwear||118.5||112.2||118.2||112.1|
|Housing, Water, Electricity, Gas, and Other Fuels||110.8||106.4||111.8||106.4|
|Furnishing, Household Equipment and Routine Maintenance of the House||117.8||111.2||117.6||111.1|
|Recreation and Culture||117.1||111.3||117.1||111.2|
|Restaurant and Miscellaneous Goods and Services||122.4||111.1||121.7||110.8|
Commodities under the groups of Alcoholic Beverages and Tobacco and Food and Non-Alcoholic Beverages had the highest corresponding CPIs of 161.8 and 134.8 in December 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 101.8 have the lowest CPI during the same period.
The year-on-year headline inflation rate in ARMM is at 7.5 percent as of December 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, Restaurant and Miscellaneous Goods and Services, and Food and Non-Alcoholic Beverages, have shown the most volatile annual prices in December 2018 with the inflation rates of 18.6 percent, 10.2 percent and 8.2 percent, respectively. These three commodity groups have inflation rates higher than the total average inflation rate of all items in the region.
|Commodity Group||December 2018||November 2018|
|Food and Non-Alcoholic Beverages||8.2||8.1|
|Alcoholic Beverages and Tobacco||18.6||18.9|
|Clothing and Footwear||5.6||5.4|
|Housing, Water, Electricity, Gas, and Other Fuels||4.1||5.1|
|Furnishing, Household Equipment and Routine Maintenance of the House||5.9||5.9|
|Recreation and Culture||5.2||5.3|
|Restaurant and Miscellaneous Goods and Services||10.2||9.8|
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.