JUNE 2014
Year-on-Year and Month-on-Month Growth Rates
of General Retail Price Index
| All Items | June 2014 | May 2014 | June 2013 | Year-to-date |
|---|---|---|---|---|
| Year-on-Year | 2.9 | 2.6 | 3.0 | 2.4 |
| Month-on-Month | 0.5 | 0.4r | 0.3 |
Year-on-Year
The annual growth in the General Retail Price Index (GRPI) in the National Capital Region (NCR) rose to 2.9 percent in June. Higher annual adjustments were noted in the indices of food at 4.8 percent; beverages and tobacco, 3.2 percent; and chemicals, including animal and vegetable oils and fats and manufactured goods classified chiefly by materials, 2.1 percent. On the other hand, the annual increment in crude materials, inedible except fuels index eased to 1.5 percent, mineral fuels, lubricants and related materials index, 3.9 percent; and machinery and transport equipment index, 1.0 percent. The miscellaneous manufactured articles index still moved at its last month’s rate of 1.6 percent.
By Commodity Group, Month-on-Month
The GRPI for all items in NCR went up 0.5 percent in June from its level in May.
The monthly growth in manufactured goods classified chiefly by materials index increased by 1.1 percent as prices of tires, plywood, paper products, cement, hollow blocks, steel bars, corrugated GI sheet and nails were on the uptrend.
A 0.3 percent gain was noted in the index for chemicals, including animal and vegetable oils and fats. This was brought about by the upward price adjustments in selected paints, thinner, putty, antacid medicines, bath soap and insecticides.
The beverages and tobacco index advanced 0.3 percent. This was due to price add-ons in selected liquors and softdrinks.
The heavily-weighted food index grew by 0.9 percent. Price upticks in foodstuffs such as rice, chicken, beef, pork, dairy products, eggs, fruits, vegetables, sugar and cooking oil were noted during the month.
Price mark-ups were seen in some clothing items, shoes, wrist watch, textbooks and writing instruments. Thus, the index for miscellaneous manufactured articles inched up 0.1 percent.
Price reductions in LPG, diesel fuel and kerosene pushed down the index of mineral fuels, lubricants and related materials by 0.6 percent.
The 0.3 percent drop in the crude materials, inedible except fuels index was attributed to the decrease in the prices of sand.
The machinery and transport equipment index fell by 0.1 percent due to price declines in electrical wiring devices.
