June 2009
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Month-on-Month
The month-on-month inflation rate of the General Retail Price Index (GRPI) in the National Capital Region (NCR) went up to 0.8 percent in June from 0.1 percent in May. This was due to the increments in the monthly rates posted in the indices of mineral fuels, lubricants and related materials at 9.1 percent in June from -0.2 percent in May; chemicals, including animal and vegetable oils and fats and manufactured goods classified chiefly by materials at 0.1 percent from zero growth; and -0.4 percent, respectively; and miscellaneous manufactured articles 0.7 percent from zero growth rate. The food and beverages and tobacco indices retained their May rates of 0.2 percent and 0.1 percent. The rest of the commodity groups have lower monthly positive rates.
Price hikes were noted in gasoline, kerosene, LPG, along with the price add-ons in selected paints, cosmetic and toilet preparations, lumber, cement, plumbing fixtures and fitting and ready-made clothing contributed to the uptrend.
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Year-on-Year
On an annual basis, the movement in the GRPI in NCR further dropped to -2.2 percent in June from -0.2 percent in May. Slowdowns were registered in the heavily weighted food index at 0.9 percent in June from 2.6 percent in May; beverages and tobacco, 4.4 percent from 4.6 percent; crude materials, inedible except fuels, 3.9 percent from 4.4 percent; machinery and transport equipment, 1.1 percent from 1.2 percent. The mineral fuels, lubricants and related materials and manufactured goods classified chiefly by materials groups still posted negative annual growth rates. Previous month's rate was seen in chemicals, including animal and vegetable oils and fats at 2.8 percent while the miscellaneous manufactured articles index increased to 3.5 percent from 3.1 percent.
Source: National Statistics Office
Manila, PhilippinesPage last revised: August 14, 2009
