Q1 2021 Livestock Production and Inventory in BARMM
Livestock production in BARMM Increased by 9.91 percent in Q1 2021
The total livestock production in BARMM increased by 9.91 percent in the first quarter of 2021, from 7,127.61 metric tons (MT) in the first quarter of 2020 to 7,833.81 MT in the first quarter of 2021. This was brought by the increase in production of Cattle and Goat with corresponding growth rates of 40.40 percent and 35.72 percent. On the other hand, production of Goat and Hog decreased by 13.52 percent and 2.67 percent, respectively.
Hog contributes 43.81 percent of the total livestock production in BARMM
Hog production comprised 43.81 percent of the total livestock production in BARMM in the first quarter of 2021, which was the highest during this period. This was followed by Cattle and Goat with percentage shares of 34.93 percent and 14.29 percent, respectively. Moreover, Carabao recorded the lowest percentage share of 6.97 percent during this period.
Swine inventory in BARMM Decreases by 17.92 percent as of 01 April 2021
Only the data on Swine inventory is available as of 01 April 2021. The total Swine inventory in BARMM decreased by 6.71 percent, from 43,081 heads as of 01 April 2020 to 40,190 heads as of 01 April 2021. Swine inventory in all provinces, except for Basilan, also increased during this period.
Basilan recorded the highest Swine inventory in the region during this period. The province comprised 81.64 percent of the total swine inventory, that is 32,810 heads as of 01 April 2021. This was followed by M Lanao del Sur and Sulu comprising 16.43 percent and 1.68 percent of the regional estimate, respectively; while the remaining corresponding shares of 0.10 percent and 0.00 percent were in Maguindanao and Tawi-Tawi.
Figure 4. Percent Distribution of Swine Inventory in BARMM, by Province: As of 01 April 2021
Consumer Price Index (CPI)
The CPI is an indicator of the changes in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to a base year.
Uses of CPI
The CPI is most widely used in the calculation of the inflation rate and purchasing power of peso. It is a major statistical series used for economic analysis and as a monitoring indicator of government economic policy.
Computation of CPI
The computation of the CPI involves consideration of the following important points:
a. Base Period
The reference date or base period is the benchmark or reference date or period at which the index is taken as equal to 100.
b. Market Basket
A sample of the thousands of varieties of goods purchased for consumption and services availed by the households in the country selected to represent the composite price behavior of all goods and services purchased by consumers.
c. Weighting System
The weighting pattern uses the expenditures on various consumer items purchased by households as a proportion to total expenditure.
The formula used in computing the CPI is the weighted arithmetic mean of price relatives, the Laspeyre’s formula with a fixed base year period (2006) weights.
e. Geographic Coverage
CPI values are computed at the national, regional, and provincial levels, and for selected cities.
Inflation Rate is the rate of change of the CPI expressed in percent. Inflation is interpreted in terms of declining purchasing power of peso
Headline Inflation refers to the rate of change in the CPI, a measure of the average standard “basket” of goods and services consumed by a typical family.
Purchasing Power of Peso shows how much the peso in the base period is worth in the current period. It is computed as the reciprocal of the CPI for the period under review multiplied by 100
Note: The dataset used in the special release is exclusive for ARMM plus Cotabato City.