Inflation rate in
Eastern Visayas decreases further to 3.1% in February 2019
March 14, 2019
TACLOBAN CITY – The
Inflation Rate (IR) in Eastern Visayas decreased further to 3.1
percent in February 2019. This IR is 0.9 percentage point lower
compared with the 4.0 percent IR a month ago, and 1.2 percentage
points lower compared with the 4.3 percent IR recorded in the same
period last year. The regional inflation rate is 0.7 percentage
point lower than the 3.8 percent national average in February 2019.
All provinces in the
region registered lower inflation rates in February 2019 compared
with their figures in the previous month. Samar registered the
highest decrease of 2.9 percentage points, from 6.3 percent in
January 2019 to 3.4 percent in February 2019. The rest of the
provinces registered decreases ranging from 0.5 percentage point to
0.7 percentage point. Among the provinces, Eastern Samar recorded
the highest IR at 4.8 percent, while Biliran posted the lowest at
0.7 percent (Table 1).
Among the commodity
groups, alcoholic beverages and tobacco recorded the highest
decrease of 8.2 percentage points, from a double digit 17.4 percent
in January 2019 to 9.2 percent during the month in review. It is
still, however, the highest IR among all items.
Inflation rate for
transport also went down by 2.1 percentage points, from 2.5 percent
in January 2019 to 0.4 percent in February 2019. This can be traced
to the deflation seen in the index for transport services, and
slower IR in the index for operation of personal transport
The heavily weighted food
and non-alcoholic beverages declined to 4.0 percent in February 2019
from its previous month’s rate of 5.3 percent, a decrease of 1.3
percentage points. This can be attributed to the slower price
increases of majority of the food items. Fruits index continued to
register a negative inflation rate at 5.4 percent, lower than the
1.3 percent in January 2019.Non-alcoholic beverages, meanwhile,
recorded a 0.1 percentage point uptick, posting a double digit IR of
10.0 percent during the reference month.
household equipment and routine maintenance of the house commodity
group increased to 5.3 percent during the reference month, 0.8
percentage point higher compared with the 4.5 percent IR in January
2019. Increases were observed in all indices, except for the
household textiles index.
Clothing and footwear also
recorded an increase at 2.8 percent in February 2019 from 2.2
percent a month ago.IR for restaurant and miscellaneous goods and
services commodity group inched up by 0.3 percentage point settling
at 1.9 percent during the month in review.
The Purchasing Power of
Peso (PPP) of the region remained at P0.80 in February 2019. This
PPP implies that goods and services worth 100 pesos in February 2019
costs 80 pesos only in 2012.
Eastern Samar registered a
0.01 centavo increase in PPP compared with their figures in January
2019, while Leyte recorded a 0.01 centavo decrease from its PPP a
month ago. The rest of the provinces sustained their PPP last month.
Biliran, Leyte and Southern Leyte recorded the strongest PPP at
P0.82. Eastern Samar followed at P0.78, while Northern Samar and
Samar posted the weakest PPP at P0.76.