Summary Inflation Special Release – October 2021 Issue

Date: 

Thursday, December 16, 2021

Reference Number: 

2021-11

SPECIAL RELEASE

Summary Inflation Report Consumer Price Index (2012=100): OCTOBER 2021

Year-on-Year Inflation Rates, All Items

 

OCTOBER 2021

(%)

SEPTEMBER 2021 (%)

OCTOBER 2020

(%)

Philippines

4.6

4.8

2.5

MIMAROPA Region

3.8

4.2

3.0

Oriental Mindoro

3.7

4.0

2.3

The country’s headline inflation decelerated further to 4.6 percent in October 2021, from 4.8 percent in September 2021. This brings the year-to-date inflation from January to October 2021 at 4.5 percent. Inflation in October 2020 was posted at 2.5 percent.

The main source of the downward trend of the October 2021 inflation was primarily due to the slower annual increment registered in food and non-alcoholic beverages index at 5.3 percent, from 6.2 percent in September 2021.

Contributing also to the downward trend in the overall inflation were the lower inflation recorded in the indices of the following commodity groups:

  • Alcoholic beverages and tobacco, 9.8 percent;
  • Education, 0.7 percent; and
  • Restaurant and miscellaneous good and services; 3.8 percent.

On the other hand, inflation rates were higher in the indices of the following commodity groups:

  • Housing, water, electricity, gas and other fuels, 4.4 percent;
  • Furnishing, household equipment and routine maintenance of the house, 2.5 percent;
  • Health, 3.2 percent
  • Transport, 7.1 percent; and
  • Recreation and culture, 1.0 percent.

The indices for clothing and footwear, and communication retained their previous month’s annual growth rates of 1.9 percent and 0.2 percent, respectively.

Oriental Mindoro registered an annual inflation rate of 3.7 percent in October 2021 lower by 0.3 percentage point as compared to the inflation in September 2021. Inflation rate of Oriental Mindoro in October 2020 was at a slower rate of 2.3 percent (See Figure 1).

 

By Commodity Group, Year-on-year

By major commodity group, annual inflation rates in October 2021 in the province of Oriental Mindoro are as follows: food and non-alcoholic beverages, 4.6 percent; alcoholic beverages and tobacco, 4.0 percent; clothing and footwear, 0.2 percent; Housing, water, electricity, gas and other fuels, 2.4 percent; furnishings, household equipment and routine maintenance of the house, 0.5 percent; health, 2.6 percent; transport, 9.7 percent; communication, 0.3 percent; recreation and culture, 5.4 percent; education, 0.0 percent; and restaurants, miscellaneous goods and services, 0.5 percent.

 

Month-on-Month Inflation Rates, All Items

 

October 2021

(%)

September 2021

(%)

October 2020

(%)

Philippines

0.2

0.0

0.3

MIMAROPA Region

-0.2

0.2

0.2

Oriental Mindoro

-0.2

-0.2

0.2

 

Oriental Mindoro posted a similar month-on-month change in consumer price index (CPI) in October 2021 at -0.2 percent as compared to September 2021. The month-on-month change in CPI in the MIMAROPA region also exhibited a lower change computed -0.2 percent. September 2021 month-on-month change of MIMAROPA was 0.2 percent.  On the other hand, month-on-month change in CPI at the national level showed 0.2 percent change.

 

By Commodity Group, Month-on-Month

By major commodity group, month-on-month change in consumer price indices in October 2021 of the province of Oriental Mindoro are as follows: food and non-alcoholic beverages, -0.6 percent; alcoholic beverages and tobacco, 0.0 percent; clothing and footwear, 0.0 percent; Housing, water, electricity, gas and other fuels, 0.4 percent; Furnishings, household equipment and routine maintenance of the house, 0.0 percent; health, 0.0 percent; transport, 1.5 percent; communication, 0.0 percent; recreation and culture, 0.0 percent; education, 0.0 percent; and restaurants, miscellaneous goods and services, 0.0 percent.

 

 

STATISTICAL TABLES

 

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