General Retail Price Index in the National Capital Region (2000=100) : May 2019

Reference Number: 

2019-187

Release Date: 

Monday, July 1, 2019

MAY 2019


GENERAL RETAIL PRICE INDEX IN THE NATIONAL CAPITAL REGION
(2000=100)

Year-on-Year and Month-on-Month Changes of GRPI, In Percent
(2000=100)

  May 2019 April 2018 May 2018 Year-to-date
Year-on-Year 1.6

1.6

4.1

1.6
Month-on-Month 0.2

0.2

0.2

 

 

        

 Year-on-Year

Annual change of General Retail Price Index (GRPI) in the National Capital Region (NCR) retains its previous month’s annual rate in May 2019

     The annual rate of GRPI in NCR settled to 1.6 percent in May 2019. This was the same rate registered in April 2019 while it was higher by 4.1 percent in May 2018. Annual mark-up was higher in food index at 2.3 percent and crude materials, inedible except fuels index at 4.2 percent. On the other hand, slower annual gains were noted in the indices of mineral fuels, lubricants and related materials; and miscellaneous manufactured articles, both at 0.8 percent; and beverages and tobacco at 3.0 percent. The indices of other commodity groups retained their previous month’s annual rates (see Table 2).

    

    

 

 

 Month-on-Month

GRPI in NCR in May 2019 moves at the same rate as the previous month

The month-on-month change of GRPI in NCR inched up by 0.2 percent in May 2019. This was the same rate recorded in the previous month.

  • The increase in the heavily-weighted food index remained at 0.3 percent in May 2019. Prices of chicken, beef, canned meat, vegetables, milk, and salt went up during the month.

  • Increments in the prices of liquors, wines, softdrinks and cigarettes resulted to a 0.3 percent growth in beverages and tobacco index.

  • The index of crude materials, inedible except fuels rose by 0.2 percent in May 2019 after recording four consecutive months of decreases. This was due to higher prices of sand during the period.

  • The increase in the index of mineral fuels, lubricants and related materials was still posted at 0.8 percent in May 2019. Prices of diesel, LPG and kerosene picked up during the month.

  • Prices of paints, selected medicines and some items for personal care were higher in May 2019. Thus, the index of chemicals, including animal and vegetable oils and fats moved up by 0.1 percent.

  • The index of manufactured goods classified chiefly by materials inched up by 0.1 percent due to price hikes in selected construction materials during the month.

  • Uptick in miscellaneous manufactured articles index was registered at 0.1 percent in May 2019. Higher prices of some ready-made clothing items and footwear were seen during the month.

  • The machinery and transport equipment index had a zero growth in May 2019. Electrical lamps and selected electrical appliances were priced higher during the month. These were, however, offset by the price decreases in electrical wires.

See more at the General Retail Price Index Main page.

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