Inflation rate in
Eastern Visayas drops to 5.2% in November 2018
December 7, 2018
TACLOBAN CITY – The
Inflation Rate (IR) of Eastern Visayas decreased to 5.2 percent in
November 2018. This IR is 1.7 percentage points lower compared with
the record high 6.9% IR a month ago, but 1.3 percentage points
higher than the recorded 3.9% IR in the same period last year. The
regional inflation rate was 0.8 percentage point lower than the 6.0%
national average in November 2018.
All provinces registered
lower inflation rates in November 2018 compared with their figures
in the previous month, except Eastern Samar, which recorded a 0.1
percentage point increase in November 2018 (8.9%) from 8.8% in
October 2018. It also posted the highest IR among the provinces.
Biliran, meanwhile, registered the lowest IR at 2.6% during the
reference month from 5.4% in October 2018, recording the largest
decrease of 2.8 percentage points. The rest of the provinces
registered decreases ranging from 0.6 to 2.3 percentage points.
Among the commodity
groups, housing, water, electricity, gas and other fuels registered
the highest decrease of 4.4 percentage points. It was posted at 3.9%
in November 2018 from 8.3% in October 2018. This can be attributed
to the huge decrease in the index of electricity, gas and other
The transport index also
registered a decrease of 1.9 percentage points in November 2018
(6.7%), from 8.6% in October 2018. Contributing to the decline was
the slower annual gains seen in the index of operation of personal
The heavily weighted food
and non-alcoholic beverages eased down to 7.4% in November 2018 from
its previous month’s rate of 8.9%, a decrease of 1.5 percentage
points. This can be traced to slower price increases of all food
items, except for oils and fats and fruits, which registered faster
IRs, and sugar, jam, honey, chocolate, and confectionery products;
and food products not elsewhere classified, which retained their IRs
at 6.7% and 5.4%, respectively.
equipment and routine maintenance of the house increased to 3.6%
during the reference month, 1.1 percentage points higher compared
with the 2.5% IR in October 2018, due to the increase in the index
for goods and services for routine household maintenance.
The Purchasing Power of
Peso (PPP) of the region remained at P0.80 in November 2018. This
PPP implies that goods and services worth P100 in November 2018 only
costs P80 in 2012.
All provinces sustained
their PPP from last month, except Leyte and Southern Leyte, which
registered a 0.01 centavo increase each in PPP compared with their
figures in October 2018. Leyte recorded the strongest PPP at P0.83.
Biliran ranked second at P0.82, followed by Southern Leyte at P0.81
and Eastern Samar at P0.78. Northern Samar and Samar posted the
weakest PPP at P0.75.