inflation rate up by 5.8% in May
June 18, 2018
TACLOBAN CITY – The
annual Inflation Rate (IR) of Eastern Visayas went up by 5.8% in May
2018. This IR was 0.4 percentage point higher compared with the 5.4
percent IR a month ago, and 2.2 percentage points higher than the
recorded 3.6 percent IR in the same period last year. The regional
inflation rate was 1.2 percentage points higher than the 4.6 percent
national average in May.
Four provinces in the
region – Biliran, Leyte, Samar and Southern Leyte posted higher
inflation rates in May with 1.2 percentage points, 0.1 percentage
point, 0.5 percentage point, and 0.6 percentage point increases,
respectively, compared with their figures in the previous month. On
the other hand, Eastern Samar and Northern Samar registered 0.3
percentage point and 0.1 percentage point decreases in IR,
respectively. Samar registered the highest IR at 7.5 percent, while
Southern Leyte posted the lowest IR at 1.3 percent (Table 1).
By major commodity groups,
Housing, Water, Electricity, Gas and Other Fuels posted the highest
percent change in IR at 1.0 percentage point from April to May. Food
and Non-Alcoholic Beverages followed at 0.4 percentage point.
Annual price changes in
Transport, Alcoholic Beverages and Tobacco, Health and Education
decreased from 3.6% in April to 3.5% in May.
zero inflation rate during the reference month, while Restaurant and
Miscellaneous Goods and Services retained its previous month’s rate
The Purchasing Power of
Peso (PPP) of the region was recorded at P0.81 in May 2018. This is
weaker compared with the P0.82 PPP registered in the previous month.
This PPP implies that goods and services worth 100 pesos in May 2018
only costs 81 pesos in 2012.
Biliran and Samar
registered a 0.01 centavo decrease in the PPP compared with their
figures in April. The rest of the provinces had sustained their PPP
from last month. Leyte and Southern Leyte recorded the strongest PPP
at P0.84. Biliran ranked second at P0.81, followed by Eastern Samar
at P0.80 and Northern Samar at P0.77. Samar, meanwhile, posted the
weakest PPP at P0.76. (Table 1).