Inflation rate in
Eastern Visayas eases to 2.0% in April 2019
May 22, 2019
TACLOBAN CITY – The
Inflation Rate (IR) in Eastern Visayas eased to 2.0 percent in April
2019. This IR is 0.1 percentage point lower compared with the 2.1
percent IR a month ago, and 3.4 percentage points lower compared
with the 5.4 percent IR recorded in the same period last year. The
regional inflation rate is 1.0 percentage point lower than the 3.0
percent national average in April 2019.
The provinces of Biliran,
Eastern Samar, Samar and Southern Leyte registered lower IRs in
April 2019 compared with their figures in the previous month.
Eastern Samar recorded the biggest drop of 1.9 percentage points,
from 3.7 percent in March 2019 to 1.8 percent in April 2019. On the
other hand, Leyte and Northern Samar registered 0.3 percentage point
increase each settling at 3.5 percent and 1.6 percent, respectively
in April 2019. Biliran posted the lowest with negative IR at 2.0
percent. Leyte, meanwhile, recorded the highest IR during the month
in review at 3.5 percent (Table 1).
Among the commodity
groups, Housing, water, electricity, gas and other fuels commodity
group registered the highest decrease of 1.6 percentage points, from
1.8 percent in March 2019 to 0.2 percent during the month in review.
The heavily weighted food
and non-alcoholic beverages declined by 0.5 percentage point to 2.5
percent in April 2019 from its previous month’s rate of 3.0 percent.
Higher inflation rates noted in vegetables; sugar, jam, honey,
chocolate and confectionery products; oils and fats; milk, cheese
and eggs; and non-alcoholic beverages were offset by the slower
price increases in rice; bread and cereals; food products not
elsewhere classified; fruits; fish; corn; and meat. Rice registered
the biggest drop of 1.2 percentage points, from 1.4 percent in March
2019 to 0.2 percent in April 2019. Fruits index continued to
register a negative inflation rate at 5.1 percent.
Slower IR was also
exhibited in health at 3.5 percent registering a 0.1 percentage
point decrease from its figure a month ago.
Meanwhile, transport IR
increased to 5.5 percent during the reference month, 3.5 percentage
points higher compared with the 2.0 percent IR in March 2019. This
can be traced to higher IRs in the indices for transport services
and operation of personal transport equipment.
IR for the commodity
groups of alcoholic beverages and tobacco; and furnishings,
household equipment and routine maintenance of the house increased
by 0.7 percentage point each, settling at 4.1 percent and 5.9
percent, respectively, during the month in review.
miscellaneous goods and services increased to 2.3 percent in April
2019 from 2.0 percent last month. While clothing and footwear inched
up to 2.9 percent during the month in review from 2.8 percent in
The Purchasing Power of
Peso (PPP) of the region remained at P0.80 in April 2019. This PPP
implies that goods and services worth 100 pesos in April 2019 only
cost 80 pesos in 2012.
Biliran and Eastern Samar
registered a 0.01 centavo increase in their PPP compared with their
figures in March 2019, while Leyte recorded a 0.01 centavo decrease.
The rest of the provinces sustained their PPP last month. Biliran
recorded the strongest PPP at P0.84. Southern Leyte ranked second at
P0.82, followed by Leyte at P0.81 and Eastern Samar at P0.79.
Northern Samar and Samar posted the weakest PPP at P0.76.