How much did each commodity group contribute to September inflation?
source: bworldonline.com

How much does each commodity group contribute to September inflation?

The headline inflation rose to 6.9% in September,  the highest in more than 13 years or since the 7.2% posted in February 2009. The latest print showed inflation higher than the 6.3% in August and 4.2% in September 2021. It settled within the Bangko Sentral ng Pilipinas’ (BSP) 6.6-7.4% forecast range for the month, but it marked the sixth straight month inflation fell outside BSP’s 2-4% target this year. This infographic shows how much each major commodity contributed to the inflation for both groups in September. For all income households, food and non-alcoholic beverages contributed the most with 2.8 percentage points (ppts), followed by both the utilities and transport items with 1.5 ppts each. Similarly in the poor households, food and non-alcoholic beverages remained the major contributor with 3.7 ppts, followed by utilities with 1.2 ppts.

Check Also

Metro Manila retail

Metro Manila retail

FILIPINO consumers’ propensity to shop and visit brick-and-mortar malls is starting to rebound. We now …

Leave a Reply

Your email address will not be published. Required fields are marked *