Price Indices(2000-2010)  July  2010 July 2011 June 2011
consumer Price Index  168.3 175.0 175.5
Inflation Rate     4.8  4.0 4.3
Purchasing power of the peso  0.59 0.57 0.57

 

Price Situation: Year-on-Year

        The current inflation rate (IR) for the province of Sorsogon recorded a slight decrease of 0.81 percentage points from 4.79 IR in July 2010 to 3.98 IR in July 2011.

        The present price situation could be manifested on the downward movement on the heavily weighted Food, Beverages and Tobacco (FBT)  from 4.41 percent to 2.57 percent.  Meanwhile an increase of 2.51 percentage points were noted on Non-Food groups.  Among those that increase in percentage points were the Fuel, Light and Water items with 15.84 from 5.55 percent to 21.39 percent.   Services with 1.34 from 3.93 percent to 5.27 percent, and a Clothing with 0.19 from 2.46 percent to 2.65 percent.  Housing and REpairs items and Miscellaneous items registered decreases on its inflation rate by 1.8 and 2.84 percentage points, respectively.

Price Situation: Month-on-Month

        The month-on-month price situation for the province registered a slight decrease of 0.28 percent from 175.5 le4vel in June 2011 to this month's 175.5 level.

        Contributory to the decrease on prices were on FBT group with 0.5 percent decrease from 180.7 to 180.7 index level while Non-Food group registered a slight increase of 0.06 percent from 167.4 to 167.5 index level.

        Across FBT,the highest decrease were registered on Miscellaneous items by 3.19 percent followed by Cereals and Cereal Preparations by 0.27 percent then Meat and Fish items by 0.12 and 0.11 percent respectively.

        On Non-food group, index increased by 0.06 percent from 167.4 index level to 167.5 index level. All items on this group recorded  increments on its prices except for Fuel, Light and Water that decreased by 0.15 percent from 201.2 index level to 200.9 index level.

    In conclusion we have a downward movement for Consumer Price Index for all income households in Sorsogon this July 2011 with a Purchasing Power of Peso of 0.57.

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