Manila, Feb. 5 -- The Philippine Statistics Authority (PSA) will change the base year of the consumer price index (CPI) and gross domestic product (GDP) to 2023 from the current 2018, National Statistician Dennis Mapa said Wednesday.

"We are looking at rebasing it to 2023 and the technical staff are already doing the preparatory work," Mapa said in a briefing at the PSA office in Quezon City.

Mapa said the new base year will likely take effect starting 2026.

"'Yung aming plan is 2026 January. So right now what we're doing, tinitignan natin 'yung commodity items from the last family income and expenditures survey, kasi dun 'yung source niya. 'Yung mga weights natin pwede mag adjust (Our plan is 2026 January. So right now what we're doin...