Guimaras’ year on year inflation rate dropped to 2.7 percent in December 2019 from its previous year’s 4.7 rate lower by 2.0 percentage points due to the huge dropped on Alcoholic Beverages and Tobacco by 24.0 percent and the slower annual price movements on both food and non-food items and for the unchanged value of Communication at 99.9 index.
The food and non-food commodity items which contributed to the sluggish movement of December 2019 inflation rate were:
– Food and Non- Alcoholic Beverages, (1.8%)
– Alcoholic Beverages and Tobacco, (-24.0%)
– Housing, Water, Electricity, Gas & Other Fuels (2.1%)
– Furnishings, Household Equipment & Routine Maintenance of the House (2.1%)
– Health (1.8%)
– Education (1.3%)
– Communication (0.0%)
However, based on the monthly Consumer Price Index (CPI) results, the December 2019 inflation rate also dropped by 0.2 percent caused by the slower price movement on Alcoholic Beverages and Tobacco (-37.5%) and; Housing, Water, Electricity, Gas & Other Fuels (-0.4); and the unchanged indices of Communication and Education with 99.9 and 118.1 rates, respectively.
Meanwhile, six commodities showed a gradual price movement posted at 1.0 percent and below were the items on Food and Non-Alcoholic Beverages (0.5%); Clothing & Footwear (0.1%); Furnishings, Household Equipment & Routine Maintenance of the House (0.1%); Transport (0.2%); Recreation and Culture (0.6%) and; Restaurant and Miscellaneous Goods and Services (0.2%).
