General Retail Price Index in the National Capital Region (2000=100) : June 2013

Reference Number: 

2013-059

Release Date: 

Wednesday, July 24, 2013

 

JUNE 2013


Year-on-Year and Month-on-Month Growth Rates
of General Retail Price Index: June and
May 2013

All Items June 2013  May 2013 Year-to-date
Year-on-Year

3.0

3.2

3.2
Month-on-Month

0.3

0.1

 

 

        

Year-on-Year

  •           The annual growth in the General Retail Price Index (GRPI) in the National Capital Region (NCR) decelerated to 3.0 percent in June from 3.2 percent in May. A slower annual gain was recorded in beverages and tobacco index at 19.2 percent in June from 20.0 percent in May; crude materials inedible except fuels index, 7.8 percent from 11.5 percent; chemicals, including animal and vegetable oils and fats index, 1.6 percent from 2.0 percent; manufactured goods classified chiefly by materials index,  1.5 percent from 2.2 percent; machinery and transport equipment index, 0.8 percent from 3.7 percent; and miscellaneous manufactured articles index, 3.4 percent from 4.2 percent. On the other hand, the index for mineral fuels, lubricants and related materials advanced 3.4 percent from -4.4 percent while the food index retained its last month’s rate of 1.9 percent.
     

     

     

 By Commodity Group, Month-on-Month

Measured from a month ago level, the GRPI for all items in NCR picked up 0.3 percent in June from 0.1 percent in May.

  • Price add-ons in selected food items such as milk, fish, bread, fruits, vegetables and sugar resulted to a 0.2 percent growth in the food index from 0.1 percent.

  • The index for mineral fuels, lubricants and related materials climbed by 2.1 percent from -1.3 percent due to price hikes in gasoline, diesel and kerosene.

  • Upward price adjustments in selected liquors and wines, softdrinks and cigarettes were noted during the month. Thus, the beverages and tobacco index rose 0.2 percent.

  • The opening of classes in June raised the prices of selected school supplies, clothing and footwear items. Hence, the miscellaneous manufactured articles index inched up 0.1 percent from zero growth last month.

  • Higher prices of lumber, hollow blocks, nails, GI sheet, steel bars, paper and paper products resulted to 0.1 percent increase in the index of manufactured goods classified chiefly by materials.

  • A negative rate of 0.1 percent was registered in chemicals, including animal and vegetable oils and fats index. This was attributed to price cuts in paints, varnishes and related compounds.

  • No movement was seen in machinery and transport equipment index during the month in review.

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