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Release Date :

January 2010


  • Month-on-Month

    The month-on-month growth rate of the General Retail Price Index (GRPI) in the National Capital Region (NCR) eased to 0.1 percent in January from 0.3 percent in December due to the 0.5 percent decline in the prices of the heavily weighted food index. In addition, slower price increments were noted in mineral fuels, lubricants and related materials index at 1.9 percent from 5.0 percent; machinery and transport equipment, 0.4 percent from 0.7 percent; and miscellaneous manufactured articles, 0.2 percent from 0.5 percent. The rest of the commodity groups have higher monthly growth rates.

    Downward price adjustments were observed in chicken, fresh vegetables, LPG and diesel fuel during the month. 
     

  • Year-on-Year

    The annual growth rate of the GRPI in NCR further picked-up to 4.0 percent in January from 3.2 percent in December. Higher annual price gains were noticed in crude materials, inedible except fuels index at 3.2 percent in January from 3.1 percent in December; mineral fuels, lubricants and related materials, 16.5 percent from 9.3 percent; manufactured goods classified chiefly by materials, 0.4 percent from -0.4 percent; and machinery and transport equipment, 4.7 percent from 1.0 percent. On the other hand, the annual price hike in the food index decelerated to 4.6 percent from 5.4 percent; chemicals, including animal and vegetable oils and fats, 2.0 percent from 2.5 percent; and miscellaneous manufactured articles, 3.4 percent from 4.5 percent. The beverages and tobacco index retained its previous month's rate of 3.7 percent.

 

 


Source: National Statistics Office
Manila, Philippines

Page last revised: March 18, 2010

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