PSA: Inflation as felt by poor Filipinos eases to 46-month low of 0.9%

Published by rudy Date posted on October 25, 2019

by Ben O. de Vera, 25 Oct 2019

The rate of increase in the prices of commodities purchased by poor Filipinos further slowed to 0.9 percent in September, marking a 46-month low as food prices and cost of utilities declined year-on-year.

Latest Philippine Statistics Authority (PSA) data showed the consumer price index (CPI) for the bottom 30-percent income households last month was the lowest since the 0.9 percent registered in November 2015.

Inflation among poor households outside Metro Manila last September was also 0.9 percent year-on-year. In Metro Manila, a deflation of 0.6 percent was recorded, hitting the second straight month that average prices declined.

As of end-September, the average inflation rate among poor families averaged 3.8 percent, down from 6.7 percent during the nine-month period last year.

In September and October last year, the CPI among the bottom 30-percent income households hit a record high 9.5 percent.

“The downtrend [posted in September this year] was primarily due to the 0.4-percent annual decline in fuel, light and water index. Contributing also to the downtrend were the slower annual increases recorded in the indices of food, beverages and tobacco at 0.7 percent; housing and repairs, 3.5 percent; services, 3 percent; and miscellaneous, 2.2 percent,” the PSA said in a report.

In particular, the heavily weighted food index declined 0.3 percent year-on-year in September, reversing the 1.8-percent and 9.9-percent increases registered a month ago and a year ago, respectively, according to the PSA.

Last month, rice prices dropped 6.2 percent year-on-year, while corn prices eased by 0.9 percent, the PSA said.

“All the other food groups except eggs, exhibited slower annual increments during the month,” the PSA added.

The CPI for the bottom 30-percent income households was based on 2000 prices, while the PSA had already adjusted the national headline inflation rate with the year 2012 as base.

April 2025

World Day for Safety and Health at Work
“Safety and health at work every day!”

Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

Monthly Observances:

March – Women’s Role in History Month
April – Month of Planet Earth

Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week

Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work

Categories