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Number: 2000-42 Date Released: June 5, 2000 |
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SUMMARY INFLATION REPORT CONSUMER PRICE INDEX MAY AND APRIL 2000
Inflation in services and food, beverages and tobacco (FBT) primarily contributed to the increase in rate. ![]() CONSUMER PRICE INDEX l By Commodity Group, Year-on-Year è Inflation for FBT increased to 2.0 percent in May from 1.1 percent in April; and clothing, 2.5 percent from 2.4 percent; while that for miscellaneous items slowed its decline to -0.7 percent from –1.0 percent. On the other hand, that for fuel, light and water (FLW) slowed down to 9.3 percent from 10.1 percent; and for services, to 11.2 percent from 11.5 percent. Inflation in housing and repairs (H&R) moved at its April rate of 6.1 percent.
èSimilarly, in Metro Manila (MM), the inflation rates for FBT, clothing, and miscellaneous items were correspondingly higher by 2.9 percentage points, 0.4 percentage point, and 1.0 percentage point. However, those for FLW and services were slower by 1.6 percentage points and 0.5 percentage point, respectively. The inflation for H&R moved at its April rate of 3.8 percent.
èFor areas outside Metro Manila (AOMM), the rate for FBT was higher by 0.3 percentage point in May. Decreases were recorded in H&R, 0.1 percentage point; services, 0.2 percentage point; and FLW, 0.4 percentage point. On the other hand, the rates for clothing and miscellaneous items moved at their April rates of 2.6 percent and –0.4 percent, respectively.
l By Region, Year-on-Year è The inflation rate for Metro Manila rose to 4.5 percent in May from 3.4 percent in April. This is the highest since September last year. è Inflation in AOMM moved at its April rate of 3.9 percent. Eleven regions posted higher inflation rates. The biggest increase was registered in Ilocos and Western Visayas at 0.5 percentage point while increases in other regions ranged from 0.1 to 0.2 percentage point. ARMM still recorded the highest rate at 9.8 percent while the lowest was in Ilocos at 2.0 percent.
l By Commodity Group, Month-on-Month è The month-on-month inflation rates for FBT rose to 0.7 percent in May from –0.1 percent in April; and miscellaneous items, 0.3 percent from 0.1 percent. Meanwhile, slower rates were seen in the prices of H&R, 0.3 percent from 0.5 percent; and services, 0.1 percent from 0.4 percent. Clothing moved at its April rate of 0.2 percent while FLW declined to –0.2 percent in May from 1.1 percent.
è Higher prices of some items for household operations like detergent soap, floorwax, and flourescent tube and items for personal care and effects like toothbrush, shampoo, sanitary napkins, and baby powder caused the miscellaneous items index to increase by 0.3 percent in the Philippines. èThe H&R index in the Philippines rose to 0.3 percent from 0.5 percent; due to the increases in the prices of some construction materials like cement, gravel, plywood, GI sheets, cement paint, faucet and nipa shingles. èUpward price adjustments in footwear and ready-made apparel along with higher sewing charges in some regions pushed up the clothing index in MM to 0.5 percent in May from 0.4 percent last month and in AOMM, 0.1 percent. The national index went up by 0.2 percent. èThe services index ticked up by 0.1 percent in AOMM. This was slower than the rate of 0.5 percent when increases in boat fares took effect. In MM, the index had zero growth. è The FLW index in MM declined to –0.9 percent from 1.4 percent last month. In AOMM, the index was up by 0.1 percent, slower than 0.8 percent in April. This resulted to a drop of –0.2 percent in the national index from a 1.1 percent increase in April. Lower purchased power adjustment (PPA) rate for electricity consumption in MM effected the decrease. lBy Region, Month-on-Month èPrices in MM increased to 0.9 percent in May from 0.2 percent in April, the highest since January last year. The rates for FBT were higher by 2.2 percentage points; clothing, 0.1 percentage point; H&R and miscellaneous items, 0.2 percentage point. On the other hand, FLW was lower by 2.3 percentage points while services posted zero growth in May from 0.3 percent the previous month. èPrices in AOMM moved up by 0.1 percent in May compared to 0.3 percent in April. Slower rates were registered in the prices of H&R, 0.2 percent from 0.8 percent; FLW, 0.1 percent from 0.8 percent; and services, 0.1 percent from 0.5 percent. However, faster rates were noted in the prices of FBT, 0.2 percent from zero growth; and miscellaneous items, 0.2 percent from 0.1 percent. Inflation for clothing moved at its April rate of 0.1 percent. èCompared to last month, eleven regions recorded lower rates. The lowest was in Eastern Visayas at –0.3 percent while the highest was still posted in ARMM at 0.6 percent.
No reports were received from the following:
Source: National Statistics Office Manila, Philippines Page Last Updated: April 10, 2001 |
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