Inflation rate in
Eastern Visayas climbs to 6.9% in October 2018
November 16, 2018
TACLOBAN CITY – The
Inflation Rate (IR) of Eastern Visayas continued to increase at 6.9%
in October 2018. This IR is 0.4 percentage point higher compared
with the 6.5% IR a month ago, and 3.6 percentage points higher than
the recorded 3.3% IR in the same period last year. The regional
inflation rate was 0.2 percentage point higher than the 6.7%
national average in October 2018.
Leyte and Southern Leyte
posted the highest increase of 0.8 percentage point each. Leyte
registered 7.1% IR in October from 6.3% in September, while Southern
Leyte recorded 4.0% IR in October from 3.2% in September. Biliran
recorded a 0.3 percentage point increase from 5.1% in September to
5.4% during the reference month.
On the other hand, 0.2
percentage point decrease in IR were noted in Northern Samar and
Samar settling at 6.3% and 8.1%, respectively. Eastern Samar
registered a 0.1 percentage point decrease, from 8.9% in September
to 8.8% in October. It is still, however, the highest IR among the
provinces during the reference period. Southern Leyte, meanwhile,
posted the lowest at 4.0%.
Among the commodity
groups, housing, water, electricity, gas and other fuels registered
the highest increase of 2.2 percentage points. It was posted at 8.3%
in October 2018 from 6.1% in September 2018. This can be attributed
to the huge increase in the index of electricity, gas and other
The transport index also
registered an increase of 1.4 percentage points in October 2018
(8.6%), from 7.2% in September 2018. Contributing to the uptrend
were the gains seen in the index of operation of personal transport
equipment and transport services.
The heavily weighted food
and non-alcoholic beverages eased to 8.9% in October 2018 from its
previous month’s rate of 9.2%, a decrease of 0.3 percentage point.
This can be traced to slower price increases of fruits, fish, oils
and fats, and vegetables.
Education further deflated
to 16.4% in October 2018, recording a 0.2 percentage point decrease
from the -16.2% a month ago, attributed to the decrease in the index
for tertiary education.
The Purchasing Power of
Peso (PPP) of the region remained at P0.80 in October 2018. This PPP
implies that goods and services worth 100 pesos in October 2018 only
costs 80 pesos in 2012.
All provinces sustained
their PPP from last month, except Leyte and Southern Leyte, which
registered a 0.01 centavo decrease each in PPP compared with their
figures in September 2018. Leyte and Biliran recorded the strongest
PPP at P0.82. Southern Leyte ranked second at P0.80, followed by
Eastern Samar at P0.78. Northern Samar and Samar posted the weakest
PPP at P0.75.