Noche Buena 2017: Fit ba sa budget mo?
Every year since 2011, the Department of Trade and Industry (DTI) has been issuing the suggested retail prices (SRPs) of 11 “Noche Buena Products”: ham, fruit cocktail, cheese, sandwich spread, mayonnaise, keso de bola, pasta/spaghetti, elbow and salad macaroni, spaghetti sauce, tomato sauce, and creamer.
In 2011, all 11 items in DTI’s list cost approximately P1,200. Can a Filipino family still enjoy a complete Noche Buena set for the same amount in the succeeding years?
The ABS-CBN Investigative and Research Group computed the average SRPs of specific brands with the same unit (e.g., 1 kg for ham, 220 ml pouch for mayonnaise) under each product category from 2011-2017. These prices were then summed up to get the total price of a typical Noche Buena basket in those years.
Using the P1,200 Noche Buena basket price in 2011 as base price, ABS-CBN then computed the real prices—or the nominal prices adjusted for inflation—of the Noche Buena basket over the last six years (2012-2017), taking into account the changes in the total prices of a typical Noche Buena basket in the same period. The rise and fall in real prices of the Noche Buena basket are illustrated in this infographic.
NOTE: Because of data limitations, some brands and unit measurements that consumers typically purchase may have been excluded from the sample data set from DTI.
Click on or mouse over each item to see the average suggested retail price in a given year.