Southern Leyte's inflation rate (IR) accelerated to 2.2 percent in January 2025 
 

Southern Leyte's inflation rate (IR) accelerated to 2.2 percent in January 2025 from 1.3 percent in December 2024. However, this was lower by 0.4 percentage point than the rate in January of 2024.

Overall Inflation

The main driver of the upward trend of the inflation rate in January 2025 was influenced by the higher IR in following commodity groups;

a. Housing, water, electricity, gas and other fuels; 3.3 percent in

January 2025 from -4.2 percent in December 2024,

b. Transport; 1.3 percent from -0.4 percent, and

c. Alcoholic beverages and tobacco; 4.6 percent from 4.0 percent.

In contrast, lower inflation rates were noted in the following commodity groups;

a. Restaurants and accommodation services; 3.6 percent in

January 2025 from 4.8 percent in December 2024,

b. Food and non-alcoholic beverages; 2.1 percent from 3.0 percent;

c. Furnishings, Household Equipment and Routine Household 

Maintenance; 0.6 percent from 0.7 percent;

d. Health; 4.1 percent from 4.2 percent; and

e. Clothing and Footwear; 0.3 percent from 0.4 percent. 

Food Inflation

The provincial food inflation decelerates to 2.2 percent in January 2025 from 3.2 percent in December 2024. The downtrend were brought by the following food groups;

a) Cereals and cereal products; -1.5 percent in January from 3.1 percent in December 2024,

b) Milk, other dairy products and eggs; -3.8 percent from -1.4 percent; and

c) Ready-made food and other food products n.e.c.; 2.9 percent from

4.1 percent.

Purchasing Power of the Peso

In January 2025, the Purchasing Power of the PESO (PPP) of Southern Leyte decrease to 0.81 of its value compared to base year 2018. It means that your Php 100.00 in 2018 would now only be able to buy retail price of goods and services equivalent to Php 80.71.

CONCEPTS AND DEFINITIONS

Base Year - it identifies the base period with which the index relates. It is a period chosen as a reference on which a price index is computed. The index for the base year is 100.

Consumer Price Index - a statistical measure of the change in average retail prices of a fixed basket of goods and services bought by a specific group of consumers in agiven area in a given period.

Inflation Rate - the annual rate of change or the year-on-year change of the CPI. Inflation is interpreted in terms of the declining purchasing power of money.

Market Basket - the total number of goods and services in constant amounts and qualities which are samples of the goods and services available in the market and included in the construction of the index. The CPI market basket was selected to represent the composite price behavior of all goods and services purchased by consumers. 

Percent Change - the percent point change expressed as a percent of the index of the earliest date.

Purchasing Power of Peso (PPP) - a measure of the volume of goods and services which the currency can buy at any given period relative to that which it could purchaseduring the base year. It is computed as the reciprocal of the CPI for the period under review multiplied by 100.

Retail Price - the actual price at which retailers sell a commodity on the spot or earliest delivery, usually in small quantities for consumption and not for resale. It is confined to transactions on a cash basis in the free market and excludes black- market prices and prices of commodities that are on sale as summer sales, anniversary sales, Christmas sales, etc. 

For more info, you can contact us through:
Telephone: (053) 862-0105
Email add: southernleyte@psa.gov.ph
Office Address: 2F SJC Building, Tomas Oppus St., Tunga-tunga, Maasin City, Southern Leyte.

SGD. EUTEMIO A. LLEVADO, JR.
Chief Statistical Specialist