Summary Inflation Report: Consumer Price Index (2018=100) June 2022
Release-Date
Reference-Number
2022-0400-SR14
Table A. Year-on-Year Inflation Rates in CALABARZON, All Items In Percent (2018=100) Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority *Year-on-year change of average CPI for January to June, 2022 vs. 2021 Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority The headline inflation in CALABARZON increased further to 5.8 percent in June 2022, from 5.1 percent in May 2022. This is the highest recorded inflation since November 2018. Moreover, this is a 1.1-percent index point increase over the recorded inflation rate in the same month of 2021 at 4.7 percent. The average inflation for the six months of the year stood at 4.0 percent. (Table A and Figure 1) Table B. Year-on-Year Changes of the Consumer Price Index in Percent in Region IVA (CALABARZON) by Commodity Group: May – June 2022 In Percent (2018=100) Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority The increase in the region’s inflation was mainly brought about by the higher annual increase in the index for food and non-alcoholic beverages at 5.5 percent; transport, 14.2 percent; and housing, water, electricity, gas, and other fuels, 7.1 percent. Also contributing to the uptrend in the overall inflation during the period were the higher annual increments in the indices of the following commodity groups as compared with their previous month’s inflation rates: Alcoholic beverages and tobacco, 7.6 percent; Clothing and footwear, 2.1 percent; and Health, 4.3 percent. Meanwhile, annual upticks slowed down in the indices of restaurants and accommodation services at 2.3 percent; and personal care, and miscellaneous goods and services at 2.6 percent. The rest of the commodity groups either retained their previous month’s inflation rates or had zero percent annual growths. (Table B) Table C. Year-on-Year Inflation Rates of Food Items in Region IVA (CALABARZON) (2018=100) Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority For food index, it increased further by 5.7 percent in June 2022, from 4.3 percent in the previous month. In June 2021, food index was lower compared to this year’s inflation at 5.1 percent. (Table C) The annual growth rate of the oils and fats index went up to 19.8 percent during the month, from 19.0 percent in the previous month. In addition, double-digit growth rate was also observed in vegetables, tubers, plantains, cooking bananas and pulses index at 18.3 percent. In addition, all other food groups exhibited higher annual increments during the month: Cereals and cereal products, 3.2 percent; Meat and other parts of slaughtered land animals, 4.4 percent; Fish and other seafood, 8.5 percent; Milk, other dairy products, and eggs, 2.0 percent; Fruits and nuts, 1.5 percent; Sugar, confectionery and desserts, 8.3 percent; and Ready-made food and other food products n.e.c., 4.4 percent. Similarly, the rice index accelerated at 1.5 percent inflation during the month, from 0.9 percent in the previous month. Moreover, the corn index also had higher annual uptick at 9.3 percent. (Table C) CHARITO C. ARMONIA (sgd.) Regional Director
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