The monthly change of the General Retail Price Index (GRPI) in the National Capital Region (NCR) increased at a slower pace to 0.5 percent in February from 0.8 percent in January. The increment in the food index decelerated to 0.7 percent in February from 1.4 percent in January and mineral fuels, lubricants and related materials, 2.0 percent from 3.0 percent On the other hand, monthly gain in beverages and tobacco index was higher at 0.8 percent from 0.4 percent, chemicals, including animal and vegetable oils and fats, 0.3 percent from 0.1 percent, machinery and transport equipment, 0.7 percent from 0.2 percent. Meanwhile, the same previous month's rate of 0.4 percent was noted in manufactured goods classified chiefly by materials index. Prices of crude materials, inedible except fuels and miscellaneous manufactured articles remained stable as their group's index recorded a zero growth during the month in review.
Price reductions were noted in fish and LPG.
The annual growth rate of the GRPI in NCR went up to 4.2 percent in February from 3.3 percent in January. A higher annual movement was noted in food index at 7.2 percent in February from 5.6 percent in January; beverages and tobacco, 2.1 percent from 1.4 percent; mineral fuels, lubricants and related materials, 13.6 percent from 9.4 percent; chemicals, including animal and vegetable oils and fats, 1.1 percent from 1.0 percent; manufactured goods classified chiefly by materials, 2.4 percent from 2.1 percent; and machinery and transport equipment, 2.5 percent from 1,9 percent. Annual hike in miscellaneous manufactured articles index was however, slower at 1.1 percent from 1.3 percent while that for crude materials, inedible except fuels index remained at 1.7 percent.
Source: National Statistics Office
Page last revised: April 18, 2011