APRIL 2015
Year-on-Year and Month-on-Month Growth Rates
of General Retail Price Index
| All Items | April 2015 | March 2015 | April 2014 | Year-to-date |
|---|---|---|---|---|
| Year-on-Year | 1.8 | 2.0r | 2.3 | 1.9 |
| Month-on-Month | 0.1 | -0.1 | 0.2 |
Year-on-Year
The annual growth in the General Retail Price Index (GRPI) in the National Capital Region (NCR) slowed down to 1.8 percent in April 2015. Last month, it grew by 2.0 percent and in April 2014, 2.3 percent. Annual declines were still noted in the indices of mineral fuels, lubricants and related materials and machinery and transport equipment at -18.6 percent and -1.2 percent, respectively. In addition, a slower annual uptick was recorded in the heavily-weighted food index at 5.7 percent; beverages and tobacco, 4.2 percent; chemicals, including animal and vegetable oils and fats index, 1.7 percent; manufactured goods classified chiefly by materials index, 2.2 percent; and miscellaneous manufactured articles index, 1.4 percent. On the other hand, a faster annual increase was registered in crude materials, inedible except fuels index at 1.1 percent.
By Commodity Group, Month-on-Month
On a monthly basis, the GRPI in NCR inched up by 0.1 percent in April 2015 from its previous month’s level.
The 0.2 percent uptick in the food index was attributed to price add-ons in beef, uncanned meat, selected fish species, banana, pineapple, fruit vegetables, sugar and cooking oil.
The beverages and tobacco index went up by 0.1 percent as prices of selected liquor and wines including beer and coca cola drink were on the uptrend.
The crude materials inedible except fuels rose 0.4 percent due to higher prices of sand during the month.
Price increments in selected wires and wiring devices effected a 0.1 percent growth in the machinery and equipment index.
Price roll backs in LPG, diesel fuel and gasoline pushed down the index of mineral fuels, lubricants and related materials by -0.3 percent.
A 0.1 percent decline was noted in chemicals, including animal and vegetable oils and fats index. This was attributed mainly to price cuts in paints and other products related to paints.
Prices of construction materials such as plywood, cement, steel bars and GI pipes and fittings were quoted lower during the month. Thus, the index of manufactured goods classified chiefly by materials moved down by 0.1 percent.
No movement was seen in the miscellaneous manufactured articles index during the month.
