General Retail Price Index in the National Capital Region (1978=100) : November 2008

Release Date :

November 2008

  • Month-on-Month

    The month-on-month growth rate of the General Retail Price Index (GRPI) in the National Capital Region (NCR) continued to register a negative rate at -1.4 percent in November from -1.6 percent in October. This was mainly due to the price declines posted in the following commodity groups: food index, -0.5 percent in November from -0.9 percent in October; mineral fuels, lubricants and related materials index, -11.1 percent from -6.9 percent; manufactured goods classified chiefly by materials index, -1.4 percent from -3.6 percent; machinery and transport equipment index, -0.1 percent from 0.1 percent; and miscellaneous manufactured articles index, -0.4 percent from zero growth. In addition, the monthly growth rate of chemicals, including animal and vegetable oils and fats index eased to 0.5 percent from 0.6 percent. On the other hand, the monthly growth rate of beverages and tobacco index was higher at 0.3 percent from -0.3 percent while the index of crude materials, inedible except fuels had a zero growth rate since September.

    Downward price adjustments were posted in chicken, rice, vegetables, sugar, gasoline, kerosene, LPG, steel bars, GI sheet and selected furniture.

  • Year-on-Year

    On an annual basis, the growth rate of the GRPI in NCR further slowed down to 6.5 percent in November from 8.6 percent in October. This was brought about by the slower annual growth rate recorded in the food index at 7.7 percent in November from 8.5 percent in October; crude materials, inedible except fuels, 8.2 percent from 8.8 percent; mineral fuels, lubricants and related materials, 3.5 percent from 20.8 percent; manufactured goods classified chiefly by materials, 4.2 percent from 5.7 percent; machinery and transport equipment, 2.0 percent from 2.2 percent; and miscellaneous manufactured articles, 5.4 percent from 6.4 percent. Meanwhile, annual growth rates were correspondingly higher in beverages and tobacco and chemicals, including animal and vegetable oils and fats index at 6.9 percent and 3.7 percent from 6.8 percent and 3.3 percent, respectively.

    Source: National Statistics Office
    Manila, Philippines

    Page last revised: Janaury 17, 2009
Attachment Size
PDF Table 1.1 Retail Price Index in the National Capital Region (1978=100) 7.23 KB
PDF Table 1.2 Monthly Changes of the Retail Price Index in the National Capital Region in Percent (1978=100) 7.18 KB
PDF Table 1.3 Year-on-Year Changes of the Retail Price Index in the National Capital Region in Percent (1978=100) 7.28 KB
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GRPI

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