welcomes 2019 with 4.0% inflation rate
February 11, 2019
TACLOBAN CITY –
Eastern Visayas welcomed 2019 with a 4.0% Inflation Rate (IR). This
IR is 0.4 percentage point lower compared with the 4.4% IR a month
ago, and equal to the IR recorded in the same period last year. The
regional inflation rate was 0.4 percentage point lower than the 4.4%
national average in January 2019. Among other regions, Eastern
Visayas ranked fourth from the bottom.
Four provinces in the
region registered lower inflation rates in January 2019 compared
with their figures in the previous month. Eastern Samar and Northern
Samar posted the highest decrease of 2.2 percentage points each.
Southern Leyte recorded a 0.7 percentage point decrease, while
Biliran registered a decrease of 0.3 percentage point from their
figures a month ago. On the other hand, increases in IR were noted
in Samar (0.7 percentage point) and Leyte (0.4 percentage point).
Samar recorded the highest IR at 6.3%, while Biliran posted the
lowest at 1.4% (Table 1).
Among the commodity
groups, alcoholic beverages and tobacco registered the highest
decrease of 3.0 percentage points. It still, however, posted a
double digit inflation rate and the highest among all items at 17.4%
in January 2019 from 20.4% in December 2018. The decrease in IR can
be attributed to the huge decrease in the index of alcoholic
The heavily weighted food
and non-alcoholic beverages eased down to 5.3% in January 2019 from
its previous month’s rate of 6.0%, a decrease of 0.7 percentage
point. This can be traced to slower price increases of majority of
the food items. Fruits index registered a negative inflation rate at
1.3%, from 2.1 percent in December 2018.
Inflation rate for
transport also went down by 0.5 percentage point, from 3.0% in
December 2018 to 2.5% in January 2019. This can be traced to the
slower IR seen in the index for operation of personal transport
household equipment and routine maintenance of the house increased
to 4.5% during the reference month, 0.5 percentage point higher
compared with the 4.0% IR in December 2018. Increases were observed
in the indices for goods and services for routine household
maintenance; and furniture and furnishings, carpets and other floor
Health index also recorded
a slight increase at 3.9% in January 2019 from 3.7% a month ago. IRs
for housing, water, electricity, gas and other fuels; clothing and
footwear; and restaurant and miscellaneous goods and services inched
up by 0.1 percentage point each settling at 3.9%, 2.2% and 1.6%,
respectively during the month in review.
The Purchasing Power of
Peso (PPP) of the region was recorded at P0.80 in January 2019,
slightly weaker than the P0.81 PPP a month ago. This PPP implies
that goods and services worth 100 pesos in January 2019 costs 80
pesos only in 2012.
Biliran and Eastern Samar
registered a 0.01 centavo decrease each in PPP compared with their
figures in December 2018, while Southern Leyte recorded a 0.01
centavo increase from its PPP a month ago. The rest of the provinces
sustained their PPP last month. Leyte recorded the strongest PPP at
P0.83. Biliran and Southern Leyte ranked second at P0.82, followed
by Eastern Samar at P0.77. Northern Samar and Samar posted the
weakest PPP at P0.76.