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PESO VALUE IN SULTAN KUDARAT –GETTING STRONGER BASED ON AUGUST 2009 CPI FOR REGION XII
 Sultan Kudarat Province’s peso value is getting much stronger based on the August 2009 result of Consumer Price Index (CPI) for Region XII.
It posted at P165.9, which is comparatively stronger in value than the previous month (July 2009) with P167.5, and one year ago (August 2008) with P168.8 for the province. This is favorable to the people of Sultan Kudarat. As this would mean that the people would need this amount of money to purchase the same items they are able to purchase in year 2000 amounting to only P100.
For the region, it reached to P161.80 which is only P2.70 higher compared to the same month of last year, and slightly lower than the previous month of this year in the amount of 40 centavos.
For other provinces, Cotabato marked to be the highest amount, with P181.80, and South Cotabato still holds the lowest amount of only P151.60. This means that a bigger amount is needed in Cotabato Province than in South Cotabato to purchase the same items.
General Santos City comparatively had a lower CPI (P146.20) than Cotabato City (P156.00). People in General Santos City will experience much ease of life than in Cotabato City with this situation.
Sultan Kudarat’s inflation rate showed much slower peso devaluation compared to all provinces with -1.5. This is due to the result of the CPI for Sultan Kudarat. Cotabato Province showed consistent highest peso devaluation among the provinces in two consecutive months and that of a year ago, with 5.6 for August 2009. Cotabato City also had a negative inflation rate of 0.2, while General Santos City had the same peso value a year ago, with zero inflation rate for August 2009.
For the purchasing power of peso, Sultan Kudarat gained strength in its value, since the value earned up another centavo compared to its last year’s result of 59 centavos and had the same value with the previous month of 60 centavos.
South Cotabato had the strongest peso value of 66 centavos while Cotabato Province had the least peso value of only 55 centavos for August 2009. Cotabato City’s peso value is 4 centavos lower compared to General Santos City of 68 centavos. |
