GENERAL RETAIL PRICE INDEX IN THE NATIONAL CAPITAL REGION
Year-on-Year and Month-on-Month Growth Rates
|All Items||May 2017||April 2017||May 2016||Year-to-date|
The annual increase of the General Retail Price Index (GRPI) in the National Capital Region (NCR) slowed down to 3.4 percent in May 2017. It picked up by 3.9 percent in April 2017 and 2.2 percent during the same month in 2016. Except beverages and tobacco and miscellaneous manufactured articles indices, all the commodity groups posted slower annual increments in May 2017:
- Food (6.4%)
- Crude Materials, Inedible Except Fuels (1.0%)
- Mineral Fuels, Lubricants and Related Materials (7.7%)
- Chemicals, Including Animal and Vegetable Oils and Fats (1.2%)
- Manufactured Goods Classified Chiefly by Materials (1.3%)
- Machinery and Transport Equipment (0.4%)
The annual growth of beverages and tobacco index remained at 5.4 percent and miscellaneous manufactured articles index, 0.6 percent. (Table 2)
By Commodity Group, Month-on-Month (Table 3)
On a monthly basis, the GRPI in NCR went up by 0.1 percent in May 2017. This was the same rate recorded in the previous month.
The food index rose by 0.4 percent due to higher prices of fresh and canned meat, dairy products, fish, rice, canned and preserved fruits, powdered tonic drinks and cooking oil.
The index of beverages and tobacco picked up by 0.9 percent as selected liquors, softdrinks and cigarettes were priced higher during the month.
A 0.1 percent growth in the index for miscellaneous manufactured articles was attributed to higher prices of selected clothing and footwear items.
Price roll backs in petroleum products such as gasoline, diesel, LPG, kerosene and engine oil pushed down the group’s index for mineral fuels, lubricants and related materials by 1.2 percent.
The machinery and transport equipment index decreased by 0.2 percent during the month. This was effected by lower prices of car battery, selected wiring devices and PVC pipes.
No movement was seen in the indices of the rest of the commodity groups.