GENERAL RETAIL PRICE INDEX IN THE NATIONAL CAPITAL REGION
Year-on-Year and Month-on-Month Growth Rates
|All Items||April 2017||March 2017||April 2016||Year-to-date|
The annual increment of the General Retail Price Index (GRPI) in the National Capital Region (NCR) decelerated to 3.9 percent in April 2017. It was registered at 4.4 percent in March 2017 and 1.6 percent during the same month a year ago. All the commodity groups posted slower annual increases except for the indices of crude materials, inedible except fuels and machinery and transport equipment which retained their corresponding previous month’s rates of 1.8 percent and 0.7 percent (Table 2).
- Food (7.1%)
- Beverages and Tobacco (5.4%)
- Mineral Fuels, Lubricants and Related Materials (12.9%)
- Chemicals, Including Animal and Vegetable Oils and Fats (1.3%)
- Manufactured Goods Classified Chiefly by Materials (1.6%)
- Miscellaneous Manufactured Articles (0.6%)
By Commodity Group, Month-on-Month (Table 3)
The GRPI in NCR inched up by 0.1 percent in April 2017. In the previous month, it went up by 0.3 percent.
Food index picked up by 1.0 percent due to higher prices of meat, milk, fish, shrimps and cooking oil.
The index of beverages and tobacco rose by 0.1 percent as selected liquors, softdrinks and cigarettes were priced higher during the month.
A 0.1 percent growth in the index for crude materials, inedible except fuels was attributed to higher prices of pulpwood, sand and gravel.
The index of chemicals, including animal and vegetable oils and fats moved up by 0.1 percent in April 2017. Price gains were observed in selected paints, medicines, cosmetics and toilet preparations items such as cologne, toothpaste, sanitary napkins and insecticides.
The manufactured goods classified chiefly by materials index advanced by 0.2 percent brought about by higher prices of selected construction materials such as lumber, plywood, cement, hollow blocks, steel bars and G.I. sheets.
The growth in machinery and transport equipment index was pegged at 0.1 percent. Upward adjustments in the prices of selected electrical appliances were noted during the month.
Lower prices of petroleum products such as diesel, LPG and kerosene pushed down the group’s index for mineral fuels, lubricants and related materials by 0.8 percent.
A zero growth was seen in miscellaneous manufactured articles index.