Seasonally Adjusted Consumer Price Index (2012=100) : February 2020

05 March 2020
 

 


Month-on-Month Growth Rates
 

1.  Philippines

     At the national level, the seasonally adjusted CPI for all items dropped by  0.2 percent in February 2020, from 0.5 percent increment in January 2020. The indices of food and non-alcoholic beverages went down by 0.1 percent from 0.4 percent; non-food, 0.2 percent from 0.5 percent; and housing, water, electricity, gas, and other fuels, 0.5 percent from 0.8 percent. Slower monthly increases were also noted in the indices of alcoholic beverages and tobacco at 0.1 percent from 1.2 percent, and recreation and culture, 0.2 percent from 0.3 percent. On the other hand, the indices of furnishing, household equipment and routine maintenance of the house went up by 0.5 percent in February 2020 from 0.4 percent in January 2020; and education, 0.2 percent from 0.1 percent.  A growth of 0.2 percent was still recorded in the indices of clothing and footwear; health; and restaurant and miscellaneous goods and services.

     The seasonal factor like the bigger volume of production of selected goods in preparation for the graduation season pushed up the indices of the following commodity groups:

  • All items;
  • Food and non-alcoholic beverages;
  • Alcoholic beverages and tobacco;
  • Furnishing, household equipment and routine maintenance of the house; and
  • Health.

     This seasonal factor, however, pushed down the indices of non-food; recreation and culture; and education. The indices of clothing and footwear; housing, water, electricity, gas, and other fuels; restaurant and miscellaneous goods and services were not affected by this seasonal factor. (Table 1)
 

2.  National Capital Region (NCR)

     The month-on-month growth rate of the seasonally adjusted CPI for alcoholic beverages and tobacco inched up by 0.1 percent in February 2020, from -0.5 percent in January 2020; and furnishing, household equipment and routine maintenance of the house, 1.0 percent from 0.8 percent. On the other hand, monthly mark-ups decelerated in the following commodity groups:

  • Clothing and footwear, 0.1 percent from 0.2 percent;
  • Health, 0.2 percent from 0.6 percent;
  • Education, 0.3 percent from 0.4 percent; and
  • Restaurant and miscellaneous goods and services, 0.1 percent from 0.3 percent.

     Moreover, the index of non-food fell by 0.7 percent during the month, from a 0.4 percent growth in the previous month. Likewise, a 0.2 percent decline was still noted in the index of food and non-alcoholic beverages, while a zero growth was posted in the index of recreation and culture during the month.

     The seasonal factor like the increase in volume of production for selected goods in preparation for the graduation season pushed up the indices of food and non-alcoholic beverages; alcoholic beverages and tobacco; and furnishing, household equipment and routine maintenance of the house. On the contrary, this seasonal factor pushed down the indices of the following commodity groups:

  • Non-food;
  • Recreation and culture;
  • Education; and
  • Restaurant and miscellaneous goods and services.

     This seasonal factor did not affect the indices of clothing and footwear, and health. (Table 2)

 

3.  Areas Outside National Capital Region (AONCR)

     In AONCR, the seasonally adjusted CPI for all items posted a zero growth in February 2020, from 0.5 percent in January 2020. The indices of food and non-alcoholic beverages, and education both registered a zero growth in February 2020, from their corresponding previous month’s rates of 0.5 percent and 0.1 percent. Meanwhile, the indices of recreation and culture, and restaurant and miscellaneous goods and services both picked up by 0.3 percent from their respective previous month’s rates of 0.2 percent and zero percent. A 0.1 percent increment in the indices of alcoholic beverages and tobacco, and non-food was, however, slower compared with their previous month’s rates of 1.4 percent and 0.4 percent, respectively. The indices of housing, water, electricity, gas, and other fuels went down by 0.2 percent from 0.9 percent; and transport, 0.5 percent from 0.3 percent. Movements in the indices of furnishing, household equipment and routine maintenance of the house remained at 0.3 percent; and health, 0.2 percent.

     The seasonal factor like the increase in the volume of production of selected commodities in preparation for the graduation season pushed up the indices of the following commodity groups:

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

     This seasonal factor, however, pushed down the indices of non-food; transport; recreation and culture; and education. The index of restaurant and miscellaneous goods and services was not affected by this seasonal factor. (Table 3)
 

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

 

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