General Retail Price Index in the National Capital Region (2000=100) : January 2014

Reference Number: 

2014-010

Release Date: 

Friday, February 28, 2014

 

JANUARY 2014


Year-on-Year and Month-on-Month Growth Rates
of General Retail Price Index: January 2014 and December
2013

All Items January 2014  December 2013 Year-to-date
Year-on-Year

2.3

2.4r

2.3
Month-on-Month

0.2

0.2r

 

 

        

Year-on-Year

  •           The annual increment in the General Retail Price Index (GRPI) in the National Capital Region (NCR) slowed down to 2.3 percent in January 2014 from 2.4 percent in December 2013. The annual hike in beverages and tobacco index eased to 4.9 percent from 15.0 percent; crude materials, inedible except fuels index, 0.1 percent from 2.1 percent; mineral fuels, lubricants and related materials index, 4.4 percent from 5.3 percent; chemicals, including animal and vegetable oils and fats index, 1.1 percent from 1.3 percent; and machinery and transport equipment index, 0.6 percent from 1.1 percent. On the other hand, higher annual hikes were noted in the heavily-weighted food index at 3.3 percent from 2.2 percent and in manufactured goods classified chiefly by materials and miscellaneous manufactured articles indices, 1.4 percent and 1.3 percent, respectively from 1.2 percent.

     

     

     

 By Commodity Group, Month-on-Month

The GRPI for all items in NCR grew by 0.2 percent in January, the same rate posted last month.

  • The food index picked up by 0.5 percent from 0.2 percent drop last month due to price hikes in selected agricultural products such as eggs, fish and leafy vegetables. In addition, upward price adjustments were also noted in dairy products, bakery products and cooking oil.

  • Price add-ons in liquors, wines, softdrinks and selected cigarettes raised the beverages and tobacco index by 0.7 percent from 0.3 percent.

  • The crude materials, inedible fuels index rose 0.6 percent from -0.1 percent. It resulted from price mark-ups in gravel, sand and wood charcoal.

  • A 0.2 percent gain was seen in the index for chemicals, including animal and vegetable oils and fats. This was due to upward price adjustments in selected paints, multivitamins and toilet soap.

  • The manufactured goods classified chiefly by materials index advanced 0.2 percent as prices of plywood, cement, hollow blocks and sewing thread were on the uptrend.

  • Price reductions in LPG, diesel fuel and kerosene effected a 0.5 percent decline in the index for mineral fuels, lubricants and related materials.

  • A negative rate of 0.3 percent posted in the machinery and transport equipment index was attributed to the decreases in the prices of selected electrical wires, wiring devices and PVC pipes.

  • The miscellaneous manufactured articles index retained its previous month rate of 0.1 percent. Higher prices in selected undergarments and leather footwear were offset by price declines in faucet and eyeglasses.

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