November 2009
Month-on-Month
The month-on-month growth rate of the General Retail Price Index (GRPI) in the National Capital Region (NCR) dropped to -0.1 percent in November from 1.4 percent in October. This was due to the declines in the indices of the heavily weighted food at -0.1 percent in November from 3.3 percent in October; manufactured goods classified chiefly by materials, -0.3 percent from zero growth and miscellaneous manufactured articles, -0.1 percent from 0.3 percent. In addition, price hike in chemicals, including animal and vegetable oils and fats and machinery and transport equipment correspondingly slowed down to 0.1 percent from 0.3 and 1.6 percent, respectively. The same rate was noted in beverages and tobacco at 0.2 percent while the rest of the commodity groups have higher monthly positive rates.
Prices of foodstuff such as rice and fresh vegetables were pegged lower during the month. Likewise, price reductions were also observed in lumber, cement, nails and steel bars.
Year-on-Year
The annual growth of the GRPI in NCR rose by 0.4 percentage point to 2.8 percent in November from 2.4 percent in October. Higher annual price adjustments were noticed in beverages and tobacco, chemicals, including animal and vegetable oils and fats and machinery and transport equipment at 3.6 percent, 2.5 percent and 0.1 percent, correspondingly from 3.5 percent, 2.4 percent and -0.2 percent. On the other hand, price increments in food and miscellaneous manufactured articles were respectively slower at 7.1 percent and 4.4 percent from their corresponding rates of 7.3 percent and 4.8 percent. Negative annual rates were still posted in the indices of mineral fuels, lubricants and related materials and manufactured goods classified chiefly by materials while the same rate of 3.2 percent was noted in crude materials, inedible except fuels.
Source: National Statistics Office
Manila, PhilippinesPage last revised: January 28, 2010
