Central Luzon’s Consumer Price Index (CPI) for Bottom 30% Income Households (2012 = 100) August 2021

Reference Number: 

2021-SRCPIB30-Aug2021-063

Release Date: 

Thursday, October 7, 2021

Year-on-Year Price Index Situation for the month of August 2021

The year-on-year inflation rate for bottom 30% income household in Central Luzon climbed up to 6.3 percent in August 2021 with 2.1 percentage points increase from the previous month’s 4.2 percent. Moreover, it is higher by 3.0 percentage points than the recorded 3.3 percent in August 2020. (Figure 1)
Central Luzon ranked 6th highest inflation among the 17 regions in the country. The highest inflation rate was registered in Bicol Region at 7.5 percent, while Bangsamoro Autonomous Region in Muslim Mindanao still recorded the lowest inflation rate at 2.5 percent. The national inflation rate for the bottom 30 percent income household increased from 4.4 percent in July 2021 to 5.2 percent in August 2021. (Figure 2)

Year-on-Year Price Change by Commodity Group

The significant increase of 4.0 and 3.8 percentage points in the indices on Recreation and Culture and Food and Non-Alcoholic Beverages, respectively, pulled up the region’s inflation rate in August 2021. In addition, slower increases in the following indices were recorded:
• Alcoholic Beverages and Tobacco, 10.4 percent;
• Clothing and Footwear, 3.8 percent;
• Housing, Water, Electricity, Gas and Other Fuels, 2.8 percent
• Furnishing, Household Equipment and Routine Maintenance of the house, 2.1 percent
• Health, 4.8 percent; and
• Restaurant and Miscellaneous Goods and Service, 4.4 percent;
 
On the other hand, decrease in the indices of Transport (11.5%) and Communication (0.4%) were posted, while no change in the index of Education was recorded in August 2021. (Table A)

Year-on-Year Price Change by Food Group

Index on Vegetable recorded the highest increase at 37.6 percent with 34.0 percentage points increment from last month’s 3.6 percent. Moreover, slower increases in the following commodity group were posted in August 2021:
• Corn, 10.2 percent;
• Other Cereals, Flour, Cereal Preparation, Bread, Pasta and
Other Bakery Products, 2.0 percent;
• Meat, 18.9 percent;
• Fish, 8.4 percent;
• Oils and Fats, 8.0 percent;
• Fruits, 7.8 percent; and
• Sugar, Jam, Honey, Chocolate and Confectionery, 2.4 percent.
 
Rice registered a slower decline at 0.3 percent while, a faster decline was posted in the index of Milk, Cheese and Eggs at 0.4 percent in August 2021.
Index on Food Products N.E.C. remained unchanged at 0.3 percent. (Table B)
 
 
 
 

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