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Stat News BICOL INFLATION DOWN TO 11.4 PERCENT IN OCTOBER
Annual inflation rate in the Bicol Region continued its downtrend in
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Average prices of consumer goods dropped slightly as reflected in the monthly Consumer Price Index (CPI) of 157.9. Services and Food, Beverages and Tobacco fell by 1.3 and 0.5 point each, contributing to the 0.4 point overall decrease this month. Recording increases were: Fuel, Light and Water (0.8 point); Miscellaneous commodity group (0.4 point) and Clothing and Housing and Repairs (0.3 point) each.
Consumer Price Index and Inflation Rate by Commodity Group
On a month-on-month basis, average inflation rate in the Bicol Region fell by a minimal 0.1 percentage point to settle at negative 0.3 percent. Majority of the commodity groups posted declines in inflation rates: Services (0.3 percentage point), Food, Beverages and Tobacco (0.2 percentage point) and Clothing, Housing and Repairs and Miscellaneous commodity groups (0.1 percentage point apiece). Registering increase was Fuel, Light and Water, surging by 2.1 percentage points. The purchasing power of the peso in Bicol Region remained at 63 centavos in October 2008 from P1.00 in 2000. Source of basic data: National Statistics Office Date Posted: November 10, 2008 |
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