General Retail Price Index in the National Capital Region (2000=100) : August 2016

Reference Number: 

2016-113

Release Date: 

Wednesday, October 5, 2016
 

AUGUST 2016


Year-on-Year and Month-on-Month Growth Rates
of General Retail Price Index

All Items August 2016 July 2016  August 2015 Year-to-date
Year-on-Year 2.3

2.2

0.4

1.7
Month-on-Month 0.3

0.1

0.2

 

 

        

Year-on-Year

  •           The annual growth of the General Retail Price Index (GRPI) in the National Capital Region (NCR) picked up 2.3 percent in August 2016. Last month, it went up 2.2 percent and in August 2015, 0.4 percent. Higher annual increases were noted in the indices of manufactured goods classified chiefly by materials at 1.4 percent and miscellaneous manufactured articles, 0.4 percent. Moreover, the index for machinery and transport equipment inched up 0.2 percent from a flat growth recorded last month.

              Meanwhile, slower annual increments were correspondingly posted in the indices of food at 5.3 percent and crude materials, inedible except fuels, 0.8 percent. Annual movements of other commodity groups remained at their  previous month’s rates with the index for mineral fuels, lubricants and related materials still registering a negative annual rate of 4.6 percent (Table 2).

            
     

     

     

 By Commodity Group, Month-on-Month (Table 3)

The month-on-month change of the GRPI in NCR went up 0.3 percent in August 2016. Last month, the growth was pegged at 0.1 percent.

  • Food index climbed by 1.0 percent during the month. This was brought about by higher prices in beef, pork, eggs, shrimps, rice, and fresh fruits and vegetables.

  • The index for manufactured goods classified chiefly by materials moved up by 0.2 percent. Upward price adjustments were still observed in selected construction materials during the month.

  • Prices gains in electrical wires and wiring devices resulted to a 0.2 percent growth in the index for machinery and transport equipment.

  • Prices of selected clothing and footwear items and sanitary fixtures were higher during the month. Thus, the index for miscellaneous manufactured articles inched up 0.1 percent.

  • Price reductions in petroleum products such as gasoline, diesel, LPG and kerosene further pushed down the index for mineral fuels, lubricants and related materials by 2.5 percent.

  • A 0.8 percent decline in the index for crude materials, inedible except fuel can be attributed to lower prices of sand and charcoal.

  • The indices of beverages and tobacco and chemicals, including animal and vegetable oils and fats exhibited a flat growth during the period.

 

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