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Stat News 2011 CLOSES WITH A 12-MONTH LOW INFLATION
Bicol Region's annual inflation
rate ended the year on a good note as it
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The region's average monthly Consumer Price Index (CPI) was placed at 174.6, up by 0.1 point from last month's index. Indices in most commodity groups went up led by the Fuel, Light and Water commodity group with a 2.7-point increase and Miscellaneous and Clothing commodity groups adding 0.1 point apiece. Food, Beverages and Tobacco and Services commodity groups managed to decline by 0.2 and 0.3 point each, respectively. Housing and Repairs sustained its index the previous month.
Consumer Price Index and Inflation Rate by Commodity Group
On a month-on-month basis, average inflation rate in the Bicol Region managed to drop by 0.4 percentage point. Decline in inflation rates were registered for the following commodity groups: Fuel, Light and Water (1.0 percentage point), Food group (0.6 percentage point), Services (0.3 percentage point) and Housing and Repairs (0.1 percentage point). The previous month's level in the inflation rates of Clothing and Miscellaneous commodity groups were sustained. The purchasing power of the peso in Bicol Region remained at 57 centavos in December 2011 from P1.00 in 2000. Source of basic data: National Statistics Office Note: Starting June 2011, the NSO will
release the rebased CPI series as announced in their press release number
2011-44 dated June 28, 2011. Data users can expect two sets of the CPI as
the new series shall be issued simultaneously with the 2000-based series
until December 2011. CPI series starting January 2012 shall be 2006-based. |
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