August 2010
Month-on-Month
Compared with July, the General Retail Price Index (GRPI) in the National Capital Region (NCR) went up to 0.3 percent in August from zero growth as prices of food items increased to 0.7 percent from 0.3 percent. In addition, price gain in beverages and tobacco index was higher at 0.2 percent from -0.3 percent; crude materials, inedible except fuels, chemicals, including animal and vegetable oils and fats and machinery and transport equipment index, 0.1 percent from zero growth; manufactured goods classified chiefly by materials and miscellaneous manufactured articles, 0.1 percent from -0.1 percent. On the other hand, prices of mineral fuels, lubricants and related materials posted a zero growth from -0.3 percent.
Price hikes were noted in rice, fruits, sugar, cooking oil, gravel, sand, paints, medicinal products, electrical wires, crayons and ballpen.
Year-on-Year
The annual growth of the GRPI in NCR continued to move at a slower pace of 2.6 percent in August from 3.2 percent in July. The annual price gain in food index decelerated to 3.4 percent in August from 3.6 percent in July; mineral fuels, lubricants and related materials, 6.1 percent from 8.9 percent; chemicals, including animal and vegetable oils and fats, 2.1 percent from 3.6 percent; manufactured goods classified chiefly by materials, 1.6 percent from 1.9 percent; and machinery and transport equipment, 2.8 percent from 4.0 percent. A higher annual price increment was however recorded in crude materials, inedible except fuels index at 1.7 percent from 1.5 percent while that for beverages and tobacco and miscellaneous manufactured articles indexes moved at their corresponding last month's rates of 1.3 percent and 2.1 percent.
Source: National Statistics Office
Manila, Philippines
Page last revised: October 19, 2010
