Seasonally-adjusted Philippine clothing-footwear CPI up 0.1% in June

The Philippines’ seasonally-adjusted consumer price index (CPI) for all items posted a zero per cent monthly rate in June this year from a 0.3 per cent month-on-month (MoM) uptick in May.

Mixed movements were observed in the monthly seasonally-adjusted CPI at the commodity group level.

A slower monthly increment of 0.1 per cent was observed in the indices of clothing and footwear in June from its monthly increment of 0.2 per cent in May, a release from the Philippine Statistics Authority said.

The seasonally adjusted CPI of housing, water, electricity, gas and other fuels saw a (MoM) decrease of 0.9 per cent in June from a 0.7 per cent rise in May.

Faster month-on-month decrease was registered in the transport index at 0.6 per cent during the month from a 0.3 per cent drop in May.

Seasonal factors like the degree of demand for selected goods and services during the season pushed up the index of furnishings, household equipment and routine household maintenance.

Meanwhile, the indices of clothing and footwear, transport and miscellaneous goods and services were not affected by the seasonal factors.

Fibre2Fashion News Desk (DS)