The Consumer Price Index (CPI) in Batangas province for the month of November 2014 was posted at 138.3 index points. An increase of 5.0 points was noted by the province’s CPI from that of the same period for the year 2013 which has posted at 133.3 index points.
The inflation rate in the province was recorded at 4.0 percent during the reference month. It was 1.2 percentage lower compared to last year’s 5.2 percent.
Among the commodity groups, Food and Non-Alcoholic Beverages group posted the highest index point change. There was a change of 9.4 from 146.2 to 155.3 index points.
PURCHASING POWER OF PESOS
The Purchasing Power of the Peso (PPP) for the month of July 2014 in the province was recorded at 73 centavos as shown in Table 3. This means that a market basket of goods and services worth one peso in July this year was availed only at 73 centavos in 2006.
It had depreciated by three centavos compared to last year’s PPP of 76 centavos.