GENERAL RETAIL PRICE INDEX IN THE NATIONAL CAPITAL REGION
Year-on-Year and Month-on-Month Changes of GRPI, In Percent
|June 2019||May 2018||June 2018||Year-to-date|
Annual rate of General Retail Price Index (GRPI) in the National Capital Region (NCR) decelerates in June 2019
The annual increment of GRPI in NCR slowed down to 0.4 percent in June 2019. The annual rates were higher in May 2019 at 1.6 percent and in June 2018, 4.2 percent. An annual decline of 3.8 percent was recorded in the index of mineral fuels, lubricants and related materials. Moreover, annual mark-ups registered in the indices of all the other commodity groups were slower compared with their annual rates in May 2019, except for beverages and tobacco index which posted a higher annual increase of 3.1 percent during the month. (see Table 2).
GRPI in NCR drops in June 2019
The month-on-month change of GRPI in NCR went down by 0.8 percent in June 2019. In the previous month, its rate was recorded at 0.2 percent.
The heavily-weighted food index shrank by 1.4 percent in June 2019. The downtrend was due to lower prices of sugar, fish, rice, fruits, cooking oil and some condiments.
The index of mineral fuels, lubricants and related materials dropped by 3.9 percent in June 2019. Price decreases were recorded in gasoline, diesel, LPG, engine oil and kerosene during the month.
Lower prices of paints, medicines, cosmetics, bath soap, laundry soap and insecticide resulted to a 0.3 percent decline in the index of chemicals, including animal and vegetables oils and fats during the period.
The index of manufactured goods classified chiefly by materials which fell by 0.4 percent was brought about by the reductions in prices of selected school supplies and construction materials during the month.
The machinery and transport equipment index recorded a 0.3 percent decline in June 2019. Electrical lamps, electrical wires, electrical switch, PVC pipes and selected electrical appliances were priced lower during the month.
The index of miscellaneous manufactured articles dropped by 0.1 percent this month. Prices of undergarments, footwear, textbooks, and selected office supplies generally went down during the period.
Higher prices of liquors, wines and softdrinks were still noted during the month which resulted to a 0.2 percent monthly growth in the beverages and tobacco index. This was, however, slower than its previous month’s rate of 0.3 percent.
The index of crude materials, inedible except fuels inched up by 0.1 percent in June 2019 due to higher prices of sand.
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