CALABARZON’s Inflation Rate further accelerated to 4.7 percent in April 2022 | Philippine Statistics Authority CALABARZON

Release-Date

Friday, May 27, 2022

Reference-Number

2022-0400-SR11

Figure 1. Inflation Rates in CALABARZON, All Items: April 2021 to April 2022 (2018=100) Inflation in the region for April 2022 was measured at 4.7 percent, which is higher compared to its previous month record at 3.8 percent. In contrast, this is 0.5 percent index point lower than the recorded inflation rate in the same month of 2021 at 5.2 percent. Inflation rate in April 2022 matched the average annual inflation rate of 2021 at 4.7 percent (Figure 1 and Table 2). Table 1. Year-on-Year Inflation Rate, by Province, All Items (2018=100) Compared with their inflation rates in March 2022, all provinces in the region experienced faster growth in April 2022. Laguna posted the biggest acceleration of 1.1 percent index points. This was followed by province of Cavite with an acceleration of 0.9 percent index point. Quezon and Rizal both recorded an acceleration of 0.7 percent index point pushing their inflation rates to 4.0 percent and 6.1 percent, respectively. Batangas and Rizal posted the highest inflation rate in April 2022 with 6.1 percent, while Cavite had the lowest inflation rate at 3.6 percent. Table 2. Year-on-Year Inflation Rates in CALABARZON, All Items, January 2019 to April 2022 (2018=100) Compared with the April inflation rates from 2019 to 2022, inflation rate in 2022 was the second highest at 4.7 percent. Moreover, it was lower by 0.5 percent index point than the highest recorded April inflation rate in 2021 at 5.2 percent. On a quarterly basis, 1st quarter of 2021 had the highest inflation rate at 5.2 percent while 3rd quarter of 2019 had the lowest at 1.4 percent. In 2021, quarterly inflation rates recorded a declining trend with 3.8 percent in the 4th quarter. For 1st quarter of 2022, the average inflation rate was recorded at 2.9 percent, which is lower than the recorded inflation rate of all quarters last year. Across all years and on a monthly basis, inflation in February 2021 at 5.4 percent marked the highest inflation so far since the rebasing of the consumer price index to base year 2018. More so, from 2019 to 2021, the 1st semester of 2021 had the highest monthly inflation rates as compared to that of other semesters. Figure 2. Inflation Rate in CALABARZON, by Commodity Group: March and April 2022 (2018=100) Relative to their inflation in March 2022, six commodity groups in the region exhibited higher inflation rates in April 2022, two commodity groups registered lower inflation rates, and five commodity groups sustained their inflation rate. The increase in the inflation in April 2022 for all items was mainly brought about by the heavily weighted Food and Non-Alcoholic Beverages at 2.5 percent. In addition, higher annual increases were recorded in the inflation rate of the following commodities: Alcoholic Beverages and Tobacco, 6.2 percent; Clothing and Footwear, 2.0 percent; Housing, Water, Electricity, Gas and Other Fuels, 7.7 percent; Transport, 11.5 percent; and Personal Care, and Miscellaneous Goods and Services, 2.5 percent. Meanwhile, two commodity groups registered lower annual inflation rates compared to March 2022. These include: Financial Services, 0.0 percent; and Recreation, Sport and Culture, 1.3 percent. Furnishings, Household Equipment and Routine Household Maintenance; Health; Information and Communication; Education Services; Restaurants and Accommodation Services and commodity groups sustained their inflation rates at 2.0 percent, 4.1 percent, 0.5 percent, 1.3 percent, and 3.6 percent, respectively. Table 3. Monthly Consumer Price Index for All Income Households in the Philippines, by Commodity Group, Area/Region: March to April 2021 2022 (2018=100) Consumer Price Index (CPI) is an indicator of change in the average retail prices of a fixed basket of goods and services commonly purchased by households relative to a base year. It measures how much on the average, prices of goods and services have increased or decreased from a particular reference period. CPI for All Items in CALABARZON for April 2022 was recorded at 113.9, a 4.7 percent increase over the record set in the same month a year ago at 108.8. In addition, CPI for All Items in the region during the month increased by 0.8 index point compared to the figure recorded in March 2022. For areas outside NCR (AONCR), price index for all items in CALABARZON for April 2022 at 113.9 was the eighth lowest quoted CPI in the Philippines. Central Visayas had the lowest price index at 110.0. On the other hand, Bicol Region had the highest price index at 117.6 during the reported month, higher by 4.2 index points than the national average at 113.4 price index for all items. All regions including National Capital Region reported an increase in the CPI compared to the previous month’s record. Zamboanga Peninsula and SOCCSKSARGEN have the highest reported increment of 1.4 index points. Figure 3. Purchasing Power of Peso, All Items, by Province in CALABARZON: March and April 2022 (2018=100) Purchasing Power of Peso (PPP) shows how much the peso in the base period is worth in another period. It gives an indication of the real value of the peso in a given period relative to the peso value in the base period. Purchasing Power of Peso is inversely related to inflation rate. Thus, as inflation rate increases, PPP declines. In April 2022 the PPP in the region was at its second-month constant state at P0.88. This means that the value of P1.00 in 2018 is only worth P0.88 in April 2022. During the month, two provinces in the region retained their previous month’s record. Quezon recorded the highest PPP across provinces at P0.90, followed by Laguna at P0.89, Cavite at P0.88, Batangas at P0.87 and Rizal at P0.86. CHARITO C. ARMONIA (sgd.) Regional Director BFP/LOM/JAS

Press Conference on the May 2024 CALABARZON Regional Inflation

Press Conference on the April 2024 CALABARZON Regional Inflation

PSA Region IV-A (CALABARZON) March 2024 Summary Inflation Report

Republic of the Philippines

About GOVPH

Goverment Links