Release Date :
Reference Number :
SR202550 - 008
Figure 1. Inflation Rates, Nueva Vizcaya, All Items
(2018=100)
Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority
The headline inflation or the increase in the prices of goods and services in the province of Nueva Vizcaya decelerated at 2.7 percent in February 2025 from 3.2 percent in January 2025. Meanwhile, it increased by 0.6 percent compared to February of the previous year.
Nueva Vizcaya’s average inflation rate for the calendar year 2025 (January–February) was recorded at 3.0 percent.
Table 2. Year-on-Year Changes of the Consumer Price Index in Percent
in Nueva Vizcaya by Commodity GroupFebruary 2024, January 2025 and February 2025
(2018=100)
Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority
The main drivers in the downward trend inflation for all income households in February 2025 were as follows; (Table 2)
Housing, Water, Electricity, Gas and Other Fuels at -1.9 percent
Restaurants and Accommodation Services, at 6.4 percent; and
- Transport, at -1.7 percent
In addition, five (5) commodity groups also recorded a downward trend inflation rate during the month of February 2025, were as follows:
Alcoholic Beverages and Tobacco at 2.6 percent;
Furnishings, Household Equipment and Routine Household Maintenance, at 2.7 percent;
Health, at 3.4 percent;
Recreation, Sport and Culture, at 3.7 percent; and
Personal Care, and Miscellaneous Goods and Services, at 3.8 percent
In contrast, the following two (2) commodity groups posted an upward trend inflation rates in the year-on-year growth of index:
a. Food and non-alcoholic beverages at 5.2 percent; and
b. Clothing and Footwear, at 2.8 percent;
On the other hand, the remaining three (3) commodity groups either retained their previous month’s inflation rates or had zero percent annual rates:
Information and Communication, at 0.1 percent
Education Services, at 0 percent; and
Financial Services, at 0 percent
Table 3. Consumer Price Index for All Income Households in Nueva Vizcaya
February 2024, January 2025 and February 2025
(2018=100)
Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority
In terms of food index, the inflation rate of the province for the month of February 2025 was increased by 0.3 percent compared to the previous month. Meanwhile, it also increased by 1.5 percent compared to February of the previous year. (Table 3)
Main Drivers to the Upward Trend on Food Inflation were as follows:
Meat and other parts of slaughtered land animals, at 12.3 percent;
Vegetables, Tubers, Cooking Bananas and Pulses, at 24.1 percent; and
Fish and Other Seafood, at 1.9 percent
The following three (3) food groups also exhibited an upward trend inflation rates:
Oils and Fats, at 3.9percent;
Fruits and Nuts, at 14.6 percent; and
Sugar, confectionery and desserts, at 0.4 percent
In contrary, three (3) food groups exhibited downward trend inflation rates:
a. Flour, Bread and Other Bakery Products, Pasta Products, and Other Cereals,
at 2.9 percent;Milk, other dairy products and eggs, at 4.2 percent; and
Ready-made food and other food products at 4.9 percent
While the remaining two (2) food groups exhibited a negative rate:
Rice, at -8.5 percent; and
b. Corn, at -1.5 percent
Table 4. Year-on-year Rates in Nueva Vizcaya
All Items in Percent
January 2020 – February 2025
(2018=100)
Source: Retail Price Survey of Commodities for the Generation of Consumer Price Index Philippine Statistics Authority
In comparison with the trend of inflation rate for the month of February from the calendar year 2020 up to year 2025, the province peaked its inflation rate in 2023 at 9.1 percent, followed in 2021 at 7.2 percent while the lowest inflation rate was posted in 2024 at 2.1 percent inflation. (Table 4)
DEFINITIONS AND CONCEPTS
Price -
Is the amount or value paid in exchange for the commodity or a service rendered.Retail Consumer Price -
refers to the price at which a commodity is sold in small quantities for consumption.Market Basket -
a term used to refer to a sample of goods and services that are commonly purchased and bought by an average Filipino household.Consumer Price lndex (CPl) -
it is an indicator of the change in the average retail prices of a fixed basket of goods and services commonly purchased by an average Filipino household. lt shows how much on the average, prices of goods and services have increased or decreased from a particular reference period known as base year.lnflation Rate -
is an indicator derived from the CPl. lt refers to the annual rate of change or the year-on-year change of the CPI expressed in percent. lnflation is interpreted in terms of declining purchasing power of money.Weight -
a value attached to a commodity or group of commodities depending on the magnitude of its contribution to the index.Base Period -
a reference date at which the index is equal to 100. Base year is 2018.lndex Methodology -
a Laspeyre's formula: fixed base year and weights.Purchasing Power of the Peso (PPP) -
the measure of how much the peso in the base period is worth in the current period.Percentage Change -
is a simple mathematical concept that represents the degree of change over time. lt is used for many purposes in finance, often to represent the price change of a security.Headline lnflation -
measures changes in the cost of living based on movements in the prices of a specified basket of major commodities. lt refers to the annual rate of change or the year-on-year change in the Consumer Price lndex (CPl).
CHOLLY L. BAYON
Chief Statistical Specialist
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