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October 2020 Price Situation in Rizal

Release Date: December 30, 2020
Reference Number: 2020-037

The Consumer Price Index (CPI) measures the changes in the price level of goods and services that most people buy for their day-to-day consumption. It is most widely used in the calculation of the inflation rate and purchasing power of the peso. The CPI series, among others, is being used for economic analysis, collective bargaining agreements, wage adjustments, and monitoring the effects of government economic policy.

The October 2020 issue presents the Price Situation in the province based on the results of the 2012-based CPI, which comprises eleven (11) major commodity groups.

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