The latest news in Eastern Visayas region
 

Follow samarnews on Twitter

 
 
more news...

Troops encounter CPP NPA terrorists in Samar

Work from home is timely, beneficial to workers and business; Good for PWDs, women

Save the Children Philippines welcomes new law allowing 15 years old and above to get tested for HIV

On Duterte’s statement that human rights groups are enemies of the state

New SEC memo on non-profit organizations violates right to organize

Waray novelist facilitates first Southeast Asian creative writing workshop in the UK

DepEd neglect necessitates teachers to organize - TDC

Save the Children Philippines pushes vaccination vs. measles

 

 

 

 

 

 

Eastern Visayas closes 2018 with 4.4% inflation rate

By PSA-8
January 15, 2019

TACLOBAN CITY – Eastern Visayas closed 2018 with a 4.4% Inflation Rate (IR). This IR is 0.8 percentage point lower compared with the 5.2% IR a month ago, but 1.1 percentage points higher than the recorded 3.3% IR in the same period last year. The regional inflation rate was 0.7 percentage point lower than the 5.1% national average in December 2018.

December 2018 Eastern Visayas inflation rateAll provinces registered lower inflation rates in December 2018 compared with their figures in the previous month. Samar posted the highest decrease at 1.8 percentage points, from 7.4% in November 2018 to 5.6% in December 2018. The rest of the provinces registered decreases ranging from 0.2 to 1.6 percentage points. Eastern Samar recorded the highest IR at 7.6%, while Biliran posted the lowest at 1.7%.

Among the commodity groups, transport registered the highest decrease of 3.7 percentage points. It was posted at 3.0% in December 2018 from 6.7% in November 2018. This can be attributed to the huge decrease in the index of operation of personal transport equipment.

The heavily weighted food and non-alcoholic beverages eased down to 6.0% in December 2018 from its previous month’s rate of 7.4%, a decrease of 1.4 percentage points. This can be traced to slower price increases of majority of the food items. Rice index registered the highest decrease at 3.2 percentage points, from 8.4% in November 2018 to 5.2% in December 2018. Fish index continued to have a double digit inflation rate at 10.2%, despite shedding off 2.0 percentage points from its figure a month ago. It also posted the highest among all food items.

Inflation rate for alcoholic beverages and tobacco also went down by 0.2 percentage point but still recorded double digit IR at 20.4%, the highest among all commodities.

Meanwhile, health index increased to 3.7% during the reference month, 1.3 percentage points higher compared with the 2.4% IR in November 2018. This can be attributed to the increase in the index for hospital services.

The Purchasing Power of Peso (PPP) of the region was recorded at P0.81 in December 2018, slightly stronger than the P0.80 PPP a month ago. This PPP implies that goods and services worth 100 pesos in December 2018 only costs 81 pesos in 2012.

Biliran, Northern Samar and Samar registered a 0.01 centavo increase in PPP compared with their figures in November 2018, while the rest of the provinces had retained their previous month’s PPP. Leyte and Biliran recorded the strongest PPP at P0.83. Southern Leyte ranked second at P0.81, followed by Eastern Samar at P0.78. Northern Samar and Samar posted the weakest PPP at P0.76.

December 2018 Eastern Visayas inflation rate