Skip to main content

NSO Reports on Consumer Price Index in Bicol Region - PIA

Legazpi City (18 June) -- Price situation year-on-year: The year-on-year inflation rate of Bicol region continued to move at a slower pace of 4.9 per cent in May 2009 from 6.1 per cent in April 2009 or a decline of 1.2 percentage points. Compared to the 8.9 per cent inflation rate in the same period last year, this month's inflation rate was way below by 4.0 percentage points.

The decline in the annual inflation rate of Bicol region was due primarily to the negative annual rate posted in fuel, light and water (-3.5 per cent from -2.9 per cent) due to the price rollback in LPG and kerosene.

The slower annual inflation rate for food, beverages and tobacco (5.8 per cent from 7.7 per cent), housing and repairs (4.2 per cent from 4.3 per cent), services (6.9 per cent from 7.8 per cent) and miscellaneous items (3.5 per cent from 3.6 per cent) also contributed to the downtrend in the all items index. On the other hand, annual rate of clothing index remained at its last month's rate (2.2 per cent).

Province-wise, all Bicol provinces recorded lower annual inflation rates in May 2009 as follows - Albay, 3.5 per cent from 4.3 per cent; Camarines Norte, 5.0 per cent from 6.3 per cent; Camarines Sur, 5.5 per cent from 6.1 per cent; Catanduanes, 8.9 per cent from 10.8 per cent; Masbate, 5.4 per cent from 7.2 per cent and Sorsogon, 3.8 per cent from 5.7 per cent.

Price situation: Month-on-month

On a monthly basis, consumer prices in Bicol region slightly increased by 0.1 per cent in May 2009 from -0.1 per cent in April 2009 or a Consumer Price Index (CPI) of 159.0 from 158.9.

Across commodity groups, month-on-month price movement of food, beverages and tobacco group was still negative but at a faster pace of -0.1 per cent from -0.3 per cent. Among its commodities, cereal and cereal preparations also posted a negative rate of 0.9 per cent in May 2009 from negative 1.0 per cent in April 2009 mainly due to the negative 1.4 per cent increment in rice index because of its sufficient supply in the market. Meanwhile, the price of corn in Bicol appeared stable as the corn index in the area recorded a zero growth from 1.2 per cent a month ago. Slower rates were noted in the indices of miscellaneous foods (0.3 per cent from 0.4 per cent), beverages (0.2 per cent from 0.3 per cent) and tobacco (0.2 per cent from 0.3 per cent).

However, higher prices were observed in dairy products (0.4 per cent from 0.1 per cent), eggs (0.4 per cent from -0.9 per cent), fish (0.9 per cent from 0.8 per cent) and fruits and vegetables (0.9 per cent from -1.9 per cent). Factors that contributed to the price hike of fruits and vegetables were the two typhoons that hit the country in early May which affected the major agricultural production areas in Luzon thereby triggering price mark ups particularly for vegetables and price hikes in off-season fruits were also observed in selected areas in the region. Meanwhile, the price of meat in the region appeared stable as the group's index in the area recorded a zero growth.

Under the non-food group, slower monthly price increases were posted in clothing items (0.1 per cent from 0.2 per cent), services (0.1 per cent from 0.5 per cent) and miscellaneous items (0.1 per cent from 0.2 per cent). Price gain in fuel, light and water items was however higher at 0.6 per cent from -0.5 per cent despite of reduction in the prices of LPG and kerosene during the month because of the higher electricity charges noted in Albay, Camarines Norte and Camarines Sur. Meanwhile, a slight increase was registered in housing and repairs at 0.1 per cent in May 2009 from zero growth in April 2009. Overall, the regional non-food index increased 0.2 per cent from 0.1 per cent.

With such rate in the price change of commodities in the region, the Bicol region's purchasing power of the peso (PPP) in May 2009 remained at P0.63. Similarly, previous month's PPP was maintained in Albay (P0.61), Camarines Sur (0.66), Catanduanes (P0.58) and Sorsogon (P0.63). On the other hand, worth of peso in Camarines Norte declined by one centavo (P0.61 from P0.62) while it increased by one centavo in Masbate (P0.63 from P0.62).(NSO V/PIA)

Source: Philippine Information Agency

Popular posts from this blog

2008 Civil Service Examination Passers - Examination Passers

Civil Service Examination - Subprofessional
CSC RO V - Rawis, Legazpi City
Date: November 16, 2008 Seq # Examinee No. Examinee Name 1 582872ABALON, MARIAN DOROTHY O 2 586574ABRAGAN, MICHAEL FRANCIS F 3 586733ACAL, KAREN KAYE I 4 586575ACERON, MILANDRO B 5 582785ADOPTANTE, ANGELO LESTER N 6 582766AGUILAR, JEROSS R 7 582952AGUILAR, RORY S 8 586835ALPARAN, OLIVE A 9 586847ALVAREZ, MICHAELSON Y 10 582594ALVAREZ, SEYCHELLE M 11 582572ANGELES, MIRALYN A 12 582669ARCILLA, ARMIE A 13 582904ARCOS, EDEN R 14 582790ATIGA, RIENA M 15 586625AUREUS, EDGAR MANUEL A 16 582761AVENIDO, PRECIOUS B 17 582942AZORES, MYLA E 18 586762BAESA, MARC EDWIN S 19 582559BAEZA, ROWEL G 20 582682BAGHERI, CHERRYMAE C 21 586783BALINGBING, MAY ANN A 22 586661BARBONIO, EUGENE P 23 582812BARRAMEDA, LESLIE H 24 586558

Arcilla, Political Law Bar Examiner - CT

A Viracnon has done it again. For four Sundays of September, law graduates undergo the most important rite of passage in the legal profession: the BAR examinations. The Bar is a rigorous test of eight subjects, each testing the graduates’ knowledge, reasoning and writing abilities. One of the examiners in the 2008 Bar Exam is Atty. Juanito Gianan Arcilla of Marcelo Alberto, Virac. Atty. Arcilla prepared the Bar questions on Political and International Law. The said exam consisted of the following subjects and its corresponding weighted average: Political and International Law (15%), Labor and Social Legislation (10%), Civil Law (15%), Taxation (15%), Mercantile Law (15%), Criminal Law (10%), Remedial Law (20%), and Legal Ethics and Practical Exercises (5%) for a total of 100%. Examiners are deemed experts in their respective fields, and are chosen on the basis on their contributions to legal education. Other examiners of the 2008 Bar were Atty. Salvador Poquiz (Labor and Social Le…

Catanduanes Needs P2.5B to Build Concrete Road - BM

VIRAC, Catanduanes—A long-standing joke here is that if the government had indeed used funds to build roads from pre-martial law days, this island province could have sunk below sea level by now. But the joke is apparently becoming true as the province’s 11 towns are now enjoying concrete roads as funds for the road network continue to pour. Gov. Joseph Cua said road concreting of the province’s 317-kilometer-long circumferential road is almost 45-percent complete and that the second phase of the program under a soft-loan contract with the Japanese International Cooperating Agency (Jica) may be realized by next year. The province’s nonconcreted highway roads, however, have been regravelled and are passable. Cua said the province is hoping the concreting of the national highways would be attended by the national government, saying that in times of disasters such as typhoons, supplies of aids in affected areas are done by boat. This, however, can only be done in good weather. Cata…

10 CSU Graduates Top Bicol Placers in Teachers Exams

LEGAZPI CITY, Jan. 16 (PNA) -- The Professional Regulation Commission (PRC) announced here Wednesday that 10 graduates of the Catanduanes State University (CSU) landed at the top 10 among those who passed the recent Licensure Examination for Teachers (LET) in Bicol. The PRC identified the top 10 passers as Carlito T. Gelito, Joan S. Guerrero, Jinky Lou T. Sarmiento, Ronald A. Teves, Ian Lopez, Eddie Cadag, Donna Nerisse Sapico, Aizel Cerillo, Melvin Fernandez and Daniel L. Alfaro. Gelito placed 3rd in the regional and 10th in the national levels; Guerrero, 4th with 85.80 percent; Sarmiento, 4th with 85.80 percent; Teves, 4th placer with 85.80 percent; Lopez, 5th with 85.60 percent; Cadag, 6th with 85.40 percent; Sapico, 6th with 85.40 percent; Cerillo, 7th with 85.20 percent; Fernandez, 8th with 85 percent and; Alfaro, 9th with 84.80 percent. The PRC, through its Board for Professional Teachers, also honors top 10 placers in the regional level of the LET examinations separately fr…

Virac’s Jamela Arcilla 9th in Nursing Board

A daughter of Virac placed 9th in the Nurse Licensure Examination given by the Professional Regulation Commission’s Board of Nursing last July 2010, with 82 graduates of the Catanduanes State Colleges also passing the exam. Jamela Montoya Arcilla, a 2010 BS Nursing cum laude graduate of Far Eastern University, garnered a rating of 84.80 percent to land in the top ten list. Only 37,679 out of 91,008 (41.40%) passed the nursing board exam. A daughter of Atty. Felipe Panti Arcilla Jr. of Gogon Sirangan, Virac, and the former Isabelita Lulu Montoya of Sta. Ana, Pampanga, Jamela is a graduate of Virac Central Elementary School (2002) and Catanduanes National High School (2006). She was also the Clinical Excellence Awardee during the pinning ceremonies of the FEU Institute of Nursing Batch 2010. Also hurdling the nursing board on his first try is Eldon Valeza Tabuzo, son of Engr. and Mrs. Elmo Tabuzo of Calatagan, Virac. A product of the Catanduanes State Colleges Elementary Laboratory …