Month-on-Month Growth Rates

• Philippines

The seasonally adjusted CPI for all items and recreation and culture at the national level both registered a 0.1 percent decrease in June from a positive growth of 0.1 percent in May. Likewise, the indices of non-food declined by 0.3 percent from 0.1 percent; housing, water, electricity, gas and other fuels, -0.9 percent from -0.1 percent; and education, -0.4 percent from 0.4 percent increment in the previous month. On the other hand, higher monthly rates were posted in the indices of health at 0.2 percent from 0.1 percent and restaurant and miscellaneous goods and services, 0.3 percent from 0.2 percent. A 0.1 percent growth was still observed in the indices of clothing and footwear and furnishing, household equipment and routine maintenance of the house.

Relative to the expected trend, the seasonal factors such as increases in the tuition fees and higher demand for selected items during the opening of classes pushed up the indices of the following commodity groups:

• Non-food
• Clothing and Footwear
• Housing, Water, Electricity, Gas and Other Fuels
• Recreation and Culture
• Education
• Restaurant and Miscellaneous Goods and Services
  

These seasonal factors, however, pushed down the health index. Meanwhile, the indices for all items and furnishing, household equipment and routine maintenance of the house were not affected by these seasonal factors.

• National Capital Region (NCR)

The seasonally adjusted CPI for all items in NCR dropped by 0.3 percent in June from 0.1 percent in May; non-food and housing, water, electricity, gas and other fuels correspondingly went down by 0.6 percent and -2.1 from zero growth; and education, -1.0 percent from 0.3 percent. The index for furnishing, household equipment and routine maintenance of the house moved up at a slower pace of 0.1 percent from 0.2 percent while the indices for clothing and footwear and health moved at their respective previous month’s rates of 0.1 percent and 0.3 percent. On the contrary, higher mark-ups were noticed in the indices of alcoholic beverages and tobacco at 0.8 percent from 0.5 percent. The index for recreation and culture likewise inched up by 0.1 percent after it had a 0.1 percent decrease in the previous month and restaurant and miscellaneous goods and services, 1.3 percent from 0.2 percent. A zero growth was posted in the index of food and non-alcoholic beverages.

Seasonal factors like tuition fee hikes and bigger demand for selected goods during the opening of classes pushed down the indices for all items; food and non-alcoholic beverages; and health. These seasonal factors, however, raised the indices of the following commodity groups:

• Alcoholic Beverages and Tobacco
• Non-food
• Clothing and Footwear
• Recreation and Culture
• Education
• Restaurant and Miscellaneous Goods and Services

The indices for housing, water, electricity, gas and other fuels and furnishing, household equipment and routine maintenance of the house were not affected by these seasonal factors.

• Areas Outside National Capital Region (AONCR)

In AONCR, the monthly growth of the seasonally adjusted CPI for all items remained at 0.1 percent. Similarly, a 0.1 percent gain was still observed in the indices for clothing and footwear; furnishing, household equipment and routine maintenance of the house; health; and restaurant and miscellaneous goods and services. Negative rates were, however, noted in the indices of non-food and housing, water, electricity, gas and other fuels at -0.1 percent and -0.4 percent, respectively from zero growth in the previous month. Moreover, the index for transport continued to register a 0.2 percent decline during the month. The education index also went down by 0.2 percent compared to a 0.2 percent growth in the previous month.

Seasonal factors such as the increases in tuition fees and higher demand of some goods during the opening of classes pushed up the indices of the following commodity groups:

• All Items
• Non-food
• Housing, Water, Electricity, Gas and Other Fuels
• Transport
• Education

However, these seasonal factors generally did not affect the indices of clothing and footwear; furnishing, household equipment and routine maintenance of the house; health; and restaurant and miscellaneous goods and services.