On a monthly basis, the General Retail Price Index (GRPI) in the National Capital Region (NCR) decelerated to 0.1 percent in May from 0.2 percent in April due to the general downward adjustments in the prices of petroleum products during the month. In addition, increases in the prices of manufactured goods classified chiefly by materials slowed to 0.2 percent from 0.4 percent. The same April rates of 0.3 percent, 0.2 percent and 0.1 percent were registered correspondingly in the indexes of food, machinery and transport equipment and miscellaneous manufactured articles. No price movement was however seen in beverages and tobacco index as it posted a zero growth from 0.1 percent.
Price reductions were noted in gasoline, kerosene, LPG, diesel fuel and lubricating oil.
The annual growth rate of the GRPI in NCR went up to 3.9 percent in May from 3.6 percent in April. A higher annual price increment was recorded in beverages and tobacco index at 4.2 percent in May from 1.9 percent in April; chemicals, including animal and vegetable oils and fats, 4.1 percent from 1.6 percent; manufactured goods classified chiefly by materials, 2.2 percent from 1.6 percent; and machinery and transport equipment, 4.1 percent from 3.3 percent. On the other hand, the annual price gains in the indexes of crude materials inedible except fuels slowed down to 1.6 percent from 3.6 percent; mineral fuels, lubricants and related materials, 16.5 percent from 18.7 percent and miscellaneous manufactured articles, 3.0 percent from 3.2 percent.
Source: National Statistics Office
Page last revised: August 25, 2010