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The annual growth rates of the 1978-based and 2000-based General Retail Price Index in NCR generally followed the same trend from January to September 2009 with the rates of the 2000-based series generally higher than that of the 1978-based series. The biggest difference of 2.8 percentage points between the annual growth rates of the two series was noted in July.

  • The annual growth rates of the food index for the two series during the period in review generally moved in the same direction with the 2000-based rates higher than those of the 1978-based rates. Increments in the prices of canned meat, dairy products, fruits and vegetables, cocoa, starch and starch products, salt, flavoring extracts and ice were magnified in the 2000 series because of the bigger weights attached to these commodities.
  • For beverages and tobacco index, the annual growth rates for the two series generally followed the same behavior. The rates in the old series were generally higher than that of the new series. The increases in the prices of cigarettes were emphasized in the old series due to the bigger weights attached to these commodities.
  • The trend of the annual growth rates for the index of crude materials, inedible except fuels generally followed the same path with the rates in the new series higher than those of the old series except in April. Bigger weights attached to gravel and sand in the 2000-based series further magnified the price hikes of these commodities in the new series.
  • During the period January to September, annual rates of price adjustments for mineral fuels, lubricants and related materials index generally moved at the same direction. With the continuous annual price decreases in LPG, gasoline, diesel and kerosene, the two series registered negative rates.
  • The annual growth rates of chemicals, including animal and vegetable oils and fats index generally moved in opposite direction during the period from January to September. This can be attributed to the change in weights and inclusion of miscellaneous chemical products, a new commodity group in the new series.
  • Generally following the same behavior, the rates of the manufactured goods classified chiefly by materials index in the 2000-based series were consistently higher than those of the 1978-based series during the period in review. Annual increments in the prices of selected paper and paper products were magnified in the new series brought about by the bigger weights attached to these commodities in the 2000-based series.
  • The 2000-based rates of the machinery and transport equipment index were consistently lower than those of the 1978-based rates. This was due to the annual price reductions registered in office computing machines, a new commodity group added in the 2000 series.
  • For miscellaneous manufactured articles index, the annual growth rates in the new series were generally higher than the old series. The annual price hikes observed in selected furniture and fixtures, clothing items, footwear, books and newspapers were emphasized in the new series because of the bigger weights attached to these commodities in the 2000-based series.

 


Source: National Statistics Office
Manila, Philippines

Page last updated: November 25, 2009

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