2019 Noche Buena basket: Hanggang saan aabot ang P1,280 mo?
In 2014, a typical Noche Buena basket containing 11 items cost approximately P1,280. This year, only two of the most expensive items out of the 11 in the Noche Buena basket can be purchased with the same amount (P1,280 in 2014 is equivalent to P943 in 2019 real prices). This is based on the Department of Trade and Industry's (DTI) annual suggested retail prices (SRP) bulletin of 11 Noche Buena products.
The DTI has been issuing an annual bulletin of SRP 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.
Using 2014 as base year, the ABS-CBN Investigative and Research Group computed the estimated inflation rate and the real prices of the Noche Buena basket over the last six years (2014-2019). This was done by computing the average prices of specific brands with the same unit (e.g., 1 kg for ham, 220 ml pouch for mayonnaise) under each product category. These prices were then summed up to get the total price of a typical Noche Buena basket. Inflation was later derived by measuring the annual percentage change in the total price of a Noche Buena basket from 2015-2019.
NOTE: Because of limitations with data available from DTI, some brands and unit measurements that consumers typically purchase might be excluded from the sample data set.