Inflation rate in
Eastern Visayas rebounds by 0.6% in November 2019
December 23, 2019
TACLOBAN CITY –
Inflation Rate (IR) in Eastern Visayas rebounded by 0.6 percent in
November 2019 from 0.7 percent deflation in October 2019. This
figure is 1.3 percentage points higher compared with the 0.7 percent
deflation a month ago but 4.6 percentage points lower compared with
the 5.2 percent IR recorded in the same period last year.
The regional IR is 0.7
percentage point lower than the 1.3 percent national average
inflation rate in November 2019.
Leyte, Eastern Samar, and
Northern Samar posted inflations in November 2019. Leyte and
Northern Samar rebounded to 1.8 percent and 0.2 percent from 0.2
percent and 1.4 percent deflations in October 2019, respectively.
Eastern Samar, meanwhile, decreased slightly to 0.6 percent in
November 2019 from 0.7 percent in October 2019. On the other hand,
Biliran, Southern Leyte and Samar posted deflations during the month
in review. Biliran’s deflation further declined to 1.5 percent from
1.4 percent in October 2019. Southern Leyte and Samar exhibited
slower deflations at 1.4 percent and 0.2 percent from 2.6 percent
and 1.1 percent deflations in October 2019, respectively. Biliran
posted the lowest with 1.5 percent deflation. Leyte, meanwhile,
recorded the highest IR during the month in review at 1.8 percent.
Majority of the commodity
groups in the region exhibited increases in IR in November 2019
compared with their rates in October 2019. Alcoholic beverages and
tobacco commodity group registered the biggest increase of 2.4
percentage points, from 4.7 percent in October 2019 to 7.1 percent
in November 2019. This can be attributed to the price increases in
both the indices for alcoholic beverages and tobacco.
electricity, gas and other fuels picked up by 2.1 percentage points,
from 2.9 percent deflation in October 2019 to 0.8 percent deflation
in November 2019.
The heavily weighted food
and non-alcoholic beverages commodity group further registered 1.0
percent deflation during the reference month from 2.6 percent
deflation in October 2019, an increase of 1.6 percentage points.
Higher IRs were noted in majority of the food items, with fish index
registering the highest increase of 4.6 percentage points pushing
its IR to 4.4 percent in November 2019 from 0.2 percent deflation a
month ago. Rice and bread and cereals indices continued to register
deflations but at slower rate of 8.3 percent and 6.3 percent,
Transport commodity group
increased by 1.0 percent during the reference month after
registering zero inflation rate a month ago. This can be attributed
to the index for operation of personal transport equipment which
rebounded to 0.2 percent in November 2019 from a deflation of 4.3
percent a month ago.
The commodity groups of
restaurant and miscellaneous goods and services, and clothing and
footwear exhibited higher inflation rates during the reference month
at 4.9 percent and 3.4 percent, respectively.
On the other hand, health
and recreation and culture commodity group eased down by 0.4
percentage point, posting IRs at 2.9 percent and 1.4 percent,
respectively, during the month in review.
IR for furnishings,
household equipment and routine maintenance of the house commodity
group exhibited a 0.2 percentage point decrease recording IR of 6.3
percent during the reference month.
Meanwhile, education and
communication commodity groups retained their previous month’s
The Purchasing Power of
Peso (PPP) of the region remained at P0.80 in November 2019. This
PPP implies that P100.00 in 2012 (base year) is worth P80.00 only in
The PPP of Eastern Samar,
Northern Samar and Samar weakened by P0.01 compared with its figure
in October 2019. The rest of the provinces sustained their PPP last
month. Biliran recorded the strongest PPP at P0.83. Leyte and
Southern Leyte ranked second at P0.82, followed by Eastern Samar at
P0.77. Northern Samar and Samar posted the weakest PPP at P0.75.