September 2007
Month-on-Month
The month-on-month inflation rate of the General Retail Price Index (GRPI) in the National Capital Region (NCR) registered at 0.3 percent in September was slower than the 0.4 percent growth in August. This was due to the negative monthly rates posted in the corresponding indices of crude materials, inedible except fuels and mineral fuels, lubricants and related materials at -0.4 percent and -0.5 percent from 0.7 percent and 1.0 percent, respectively. Moreover, increases in the prices of beverages and tobacco and miscellaneous manufactured articles slowed down to 0.1 percent from 0.2 percent. Meanwhile, no price movement was seen in chemicals, including animal and vegetable oils and fats and machinery and transport equipment as they recorded zero growth rate.
Lower prices of firewood, gravel, sand, gasoline, kerosene and LPG were observed during the month in review.
Year-on-Year
On an annual basis, the inflation rate of the GRPI in NCR picked up to 2.0 percent in September from 1.0 percent in August as the annual price increment of the heavily weighted food group was higher at 2.7 percent from 1.8 percent. The rest of the commodity groups posted slower annual price gains.
Source: National Statistics Office
Manila, PhilippinesPage last revised: December 20, 2007
