PRICE SITUATION IN BATANGAS
- The Consumer Price Index for October 2019 was 121.7. It accelerated by 0.9 points compared to last year of the same month.
- Alcoholic Beverages and Tobacco and Restaurant and Miscellaneous Goods and Services commodity remained the highest point change having a 62.9 and 9.2 index point changes respectively.
- Throughout the month of October, there were increase of 72.8 percent in index point change of the commodity group. This comparison was against last year of the same month.
- On the other hand, 27.2 percent of the commodity group decreases its index point change compared to last year of the same
- Starting from the month of October 2018 inflation rate starts to deflate until2019. Except from July to August 2019 which accelerated by 0.2
- This month, the inflation rate is 0.2 lower com-pared to last month.
- Alcoholic Beverages and Tobacco remained to be the highest commodity having a CPI of 292.9.
- Restaurant and Misc. Goods and Clothing and footwear groups followed with a CPI of 136.3 and 142.0 respectively.
- The Communication commodity gained the lowest place with a CPI of 101.9.
FOOD AND NON-ALCOHOLIC BEVERAGES
- The month on month Consumer’s Price Index of Food and Non- Alcoholic Beverages group gains a 0.5 Index Point Change. This was observed in most of the commodities belong to this group.
- Positive Index Point Change were recorded for almost all of the items except for bread and cereals, rice, meat, sugar, jam, honey, chocolate, and confectionaries.
- Non-Food posted a positive 0.2 index point change.
- The subgroup in Medical Products, Appliances & Equipments was recorded as the highest having an index point of 0.6.
- Most of the sub groups in Non-Food don't have any changes.
PURCHASING POWER OF PESO
The Purchasing Power of the Peso (PPP) in Batangas for October was recorded at 0.82 centavos. This means that a market basket of goods and services worth one peso for this month of 2019 could be availed only at 0.82 centavos in 2012.
It had depreciated by 1 centavos compared to last year’s PPP.