Monthly Price and Food Security Update, March 2013

Highlights

  • Inflation rate increased to 3.4 percent in February 2013 from 3 percent in January.

  • Consumer price index increased by 0.3 percent month - on - month. The higher prices are mainly due to the upturn in the prices of food, domestic fuel products, alcoholic beverages and tobacco.

  • Average retail price of regular milled rice, meat and poulty remains stable.

  • In Central Mindanao, terms of trade decreased by 6 percent.

  • Food and nutrition security analysis using IPC version 2.0 method and indicators was done for the 25 provinces in Mindanao.