Seasonally Adjusted Consumer Price Index (2012=100) : June 2019

Reference Number: 

2019-111

Release Date: 

Friday, July 5, 2019
 

 


Month-on-Month Growth Rates
 

Philippines

     The seasonally adjusted CPI for all items moved up at a slower pace of 0.2 percent in June 2019 from 0.3 percent in May 2019. The increments in the indices of non-food, and recreation and culture both decelerated to 0.1 percent in June 2019, from their corresponding previous month’s rates of 0.4 percent and 0.3 percent. Also, the increase in the index of furnishing, household equipment and routine maintenance of the house slowed down to 0.2 percent in June 2019 from 0.3 percent in the previous month. On the other hand, the indices of health rose by 0.3 percent from 0.1 percent and education, 1.2 percent from -0.3 percent. The same previous month’s rates were recorded in the indices of the following commodity groups:

  • Alcoholic beverages and tobacco (0.7%);
  • Clothing and footwear (0.2%);
  • Housing, water, electricity, gas, and other fuels (0.4%); and
  • Restaurant and miscellaneous goods and services (0.3%).

The index of food and non-alcoholic beverages registered a zero growth during the month, from 0.4 percent in the previous month.

     Seasonal factors such as increases in tuition fees and higher demand for selected goods during the opening of classes pushed up the indices of alcoholic beverages and tobacco; non-food; and education relative to the expected trend. On the contrary, these seasonal factors pushed down the indices of the following commodity groups:

  • All items;
  • Food and non-alcoholic beverages;
  • Housing, water, electricity, gas and other fuels;
  • Furnishing, household equipment and routine maintenance of the house;
  • Health; and
  • Recreation and culture.

The indices of clothing and footwear, and restaurant and miscellaneous goods and services were not affected by these seasonal factors (see Table 1).
 

National Capital Region (NCR)

     In NCR, the seasonally adjusted CPI for food and non-alcoholic beverages posted a higher rate of 0.4 percent in June 2019 from 0.2 percent in May 2019. Similarly, the indices of the following commodity groups went up in June 2019:

  • Furnishing, household equipment and routine maintenance of the house, 0.1 percent from zero growth;
  • Education, 1.3 percent from 0.2 percent; and
  • Restaurant and miscellaneous goods and services, 0.3 percent from 0.1 percent.

     On the other hand, slower mark-ups were noted in the indices of alcoholic beverages and tobacco at 0.5 percent from 0.6 percent; and non-food, 0.1 percent from 0.3 percent. The index of recreation and culture dropped by 0.3 percent during the month from a 0.2 percent increase in the previous month.

     Relative to the expected trend, seasonal factors such as tuition fee hikes and increase in demand for selected items during the opening of classes pushed up the indices of the following commodity groups;

  • Alcoholic beverages and tobacco;
  • Furnishing, household equipment and routine maintenance of the house;
  • Education; and
  • Restaurant and miscellaneous goods and services.

However, these seasonal factors pushed down the index for food and non-alcoholic beverages. The indices of non-food and recreation and culture were not affected by these seasonal factors (see Table 2).
 

Areas Outside National Capital Region (AONCR)

     In AONCR, the seasonally adjusted CPI for all items registered a zero growth in June. Its rate in the previous month was recorded at 0.4 percent. A zero growth was observed in the indices of food and non-alcoholic beverages; non-food; and recreation and culture. Higher increases were observed in the indices of clothing and footwear, and restaurant and miscellaneous goods and services, both at 0.3 percent from 0.2 percent; and health, 0.3 percent from 0.1 percent. Likewise, the education index rose by 0.6 percent from -0.3 percent. Meanwhile, increments in the indices of alcoholic beverages and tobacco slowed down to 0.7 percent from 0.8 percent; and furnishing, household equipment and routine maintenance of the house, 0.2 percent from 0.3 percent. Movement in the index of housing, water, electricity, gas, and other fuels remained at 0.3 percent.

     Seasonal factors like increases in tuition fees and higher demand of selected goods during the opening of classes pushed up the indices of alcoholic beverages and tobacco; non-food; and education. These seasonal factors, however, pushed down the indices of the following commodity groups:

  • All items;
  • Food and non-alcoholic beverages;
  • Housing, water, electricity, gas, and other fuels;
  • Furnishing, household equipment and routine maintenance of the house; and
  • Recreation and culture.

The indices of clothing and footwear; health; and restaurant and miscellaneous goods and services were not affected by these seasonal factors (see Table 3).

See more at the Seasonally Adjusted Consumer Price Index main page.

 

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