The annual growth in the General Retail Price Index (GRPI) in the National Capital Region (NCR) increased 1.9 percent in June from 1.2 percent in May. All the commodity groups posted higher annual increments except in mineral fuels, lubricants and related materials index whose annual rate declined to -4.9 percent in June from -0.6 percent in May.
The monthly growth in the GRPI in NCR picked up to 0.6 percent in June from -0.1 percent in May. A higher monthly gain was observed in beverages and tobacco index at 0.8 percent in June from 0.2 percent in May; crude materials, inedible except fuels index, 3.3 percent from 0.1 percent; and chemicals, including animal and vegetable oils and fats index, 0.4 percent from 0.1 percent. From zero growth, the index for manufactured goods classified chiefly by materials also grew 0.6 percent; machinery and transport equipment index, 2.4 percent; and miscellaneous manufactured articles index, 2.0 percent. On the other hand, the index for mineral fuels, lubricants and related compounds dropped by -5.5 percent from -3.6 percent. The monthly change in the food index remained at 0.2 percent.
Price add-ons were noted in foodstuffs such as milk, cheese, butter, margarine, fresh fruits, sugar, cooking oil and seasonings. Likewise, prices of liquors and wines including softdrinks were pegged higher during the month. Moreover, price increments in construction materials such as gravel, sand, paints, cement and electrical wires along with price upticks in medicines, school supplies and footwear contributed to the uptrend.
Source: National Statistics Office
Page last revised: August 3, 2012