July 2010

• Month-on-Month

  On a monthly basis, the movement in the General Retail Price Index (GRPI) in the National Capital Region (NCR) decelerated to 0.1 percent in July from 0.2 percent in June. Prices of beverages and tobacco and mineral fuels, lubricants and related materials dropped to -0.3 percent in July from 0.2 percent and 0.1 percent in June and manufactured goods classified chiefly by materials, -0.1 percent from 0.1 percent. In addition, price gain in food index was slower at 0.3 percent from 0.7 percent. Meanwhile, price uptick in miscellaneous manufactured articles index was higher at 0.1 percent from zero growth. Prices of crude materials, inedible except fuels, chemicals, including animal and vegetable oils and fats and machinery and transport equipment generally remained stable as they posted a zero growth during the month in review.

  Price reductions were noted in gasoline, LPG, selected liquor and steel bars. 
   

• Year-on-Year

  The annual growth rate of the GRPI in NCR further eased to 3.2 percent in July from 3.5 percent in June. A slower annual price increment was recorded in food index at 3.6 percent in July from 3.9 percent in June; beverages and tobacco, 1.3 percent from 1.8 percent; mineral fuels, lubricants and related materials, 8.9 percent from 10.1 percent; chemicals, including animal and vegetable oils and fats; 3.6 percent from 3.9 percent; manufactured goods classified chiefly by materials, 1.8 percent from 2.5 percent and machinery and transport equipment, 4.0 percent from 4.1 percent. Price hike in miscellaneous manufactured articles index was however higher at 2.2 percent from 2.1 percent while that for crude materials, inedible except fuels index remained at 1.5 percent.

Source: National Statistics Office
Manila, Philippines

Page last revised: September 30, 2010