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By: Venus G. Villanueva
KALIBO, Aklan – The average Consumer Price Index (CPI) or inflation in Aklan in 2011 posted a 6 percent increase compared to 2010 figures, according to the National Statistics Office (NSO) here.
Based on records sent to PIA by NSO-Aklan headed by Provincial Statistics Officer Blas M. Solidum, last year’s CPI registered at 178.6 index point while that of 2010 was listed at 167.6.
The NSO added that in 2011, August registered the index of 175.0 while the month of January had the lowest with 170.6 points.
On the other hand in 2010, the month of December had the highest index of 169.5, while the month of June had the lowest at 166.5.
Meanwhile, as shown further by NSO records, an increase of one percent was noted in the average inflation rate of the province in 2011, which posted 3.6 percent.
In 2010, the average inflation rate of the province was listed at 2.6 percent.
The highest inflation in 2011 was noted in May with 4.3 percent and October, with 4.3 percent. In 2010, the highest registered inflation rate was in January which listed 4.0 while the lowest was in July with 1.8 percent.
Fuel, light and water accounted for the highest CPI index of 210.2 in 2011, according to the NSO, followed by services with 190.5 and Food, Beverages and Tobacco with 177.8 index.
CPI is an indicator of the change in the average retail prices of a fixed basket of goods and services commonly purchased by the households relative to a base year.
It shows how much on the average, prices of goods have increased or decreased from a particular reference period
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