CALABARZON Summary Inflation Report Consumer Price Index (2018=100) for December 2022 | Philippine Statistics Authority CALABARZON

Release-Date

Monday, January 9, 2023

Reference-Number

2023-0400-SR01

Table A. Year-on-Year Inflation Rates in CALABARZON, All Items In Percent (2018=100) Area Dec 2021 Nov 2022 Dec 2022 Year-to-date* Philippines 3.1 8.0 8.1 5.8 CALABARZON 3.0 7.1 7.1 5.2 Batangas 3.6 9.2 9.0 6.8 Cavite 2.9 6.2 6.4 4.4 Laguna 2.3 5.5 5.1 4.0 Quezon 1.6 7.9 7.4 5.4 Rizal 3.6 8.5 9.1 6.4 Lucena City 2.1 6.7 6.6 5.0 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 December, 2022 vs. 2021 Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index, Philippine Statistics Authority The headline inflation in CALABARZON steadied at 7.1 percent in December 2022, same with the inflation rate recorded in November 2022. This is the highest inflation rate recorded since December 2008. Moreover, it showed a 4.1-percentage points increase over the recorded inflation rate in the same month of 2021 posted at 3.0 percent. The annual average inflation for 2022 of CALABARZON stood at 5.2 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: November - December 2022 In Percent (2018=100) Commodity Group Nov 2022 Dec 2022 ALL ITEMS 7.1 7.1 Food and Non-Alcoholic Beverages 9.4 9.6 Alcoholic Beverages and Tobacco 11.5 11.2 Clothing and Footwear 3.2 3.4 Housing, Water, Electricity, Gas, and Other Fuels 5.7 5.7 Furnishing, Household Equipment and Routine Household Maintenance 4.1 4.3 Health 3.4 3.4 Transport 12.4 11.1 Information and Communication 0.2 0.2 Recreation, Sport and Culture 3.1 3.3 Education Services 1.3 1.3 Restaurants and Accommodation Services 5.0 5.3 Financial Services 0.0 0.0 Personal Care, and Miscellaneous Goods and Services 4.5 4.4 Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index, Philippine Statistics Authority The region’s 7.1 inflation rate was brought about by the annual increase in prices of food and non-alcoholic beverages recorded at 9.6 percent; housing, water, electricity, gas and other fuels at 5.7 percent; and transport at 11.1 percent. The following commodity groups exhibited higher annual increments compared to November 2022: food and non-alcoholic beverages at 9.6 percent clothing and footwear at 3.4 percent furnishings, household equipment and routine household maintenance at 4.3 percent recreation, sport and culture at 3.3 percent, and restaurants and accommodation services at 5.3 percent. Meanwhile, annual upticks slowed down as compared to their previous month’s inflation rates in the indices of alcoholic beverages and tobacco at 11.2 percent, transport at 11.1 percent and personal care, and miscellaneous goods and services at 4.4 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) Commodity Group Dec 2021 Nov 2022 Dec 2022 FOOD AND NON-ALCOHOLIC BEVERAGES 0.4 9.4 9.6 Food 0.4 9.7 10.0 Cereals and Cereal Products 2.0 5.6 5.7 Cereals 1.3 2.8 2.9 Rice 1.3 2.7 2.7 Corn 1.3 12.8 17.5 Flour, Bread and Other Bakery Products, Pasta Products, and Other Cereals 3.6 11.0 11.2 Meat and Other Parts of Slaughtered Land Animals 6.5 5.6 5.3 Fish and Other Seafood 4.8 7.5 5.7 Milk, Other Dairy Products, and Eggs 0.1 9.3 9.6 Oils and Fats 16.4 20.3 17.3 Fruits and Nuts -4.1 3.4 6.2 Vegetables, Tubers, Cooking Bananas and Pulses -23.9 31.3 38.5 Sugar, Confectionery and Desserts 2.7 32.5 35.3 Ready-Made Food and Other Food Products N.E.C. 1.8 9.2 9.1 Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index, Philippine Statistics Authority For food inflation, it increased by 0.3 percent index point in December 2022, with 10.0 percent inflation compared to its previous month’s record of 9.7 percent. In December 2021, food inflation was lower compared to this year’s inflation, recorded at 0.4 percent. (Table C) The annual growth rate of the vegetables, tubers, plantains, cooking bananas and pulses index went up to 38.5 percent during the month, from 31.3 percent in the previous month. In addition, double-digit inflation was also recorded in the index of sugar, confectionery and desserts at 35.3 percent and oils and fats at 17.3 percent. Moreover, food groups that exhibited higher annual increments during the month are the following: Cereals and cereal products, 5.7 percent; Milk, other dairy products, and eggs, 9.6 percent; and Fruits and nuts, 6.2 percent; and Meanwhile, food groups that registered deceleration are the following: meat and other parts of slaughtered land animals at 5.3 percent; fish and other seafood at 5.7 percent; oils and fats, 17.3 percent; and ready-made food and other food products n.e.c. at 9.1 percent. Rice index remained at 2.7 percent inflation during the month. While, the corn index had higher annual uptick at 17.5 percent. (Table C) (sgd.) CHARITO C. ARMONIA Regional Director BFP/LOM/JAS

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