General Retail Price Index in the National Capital Region (2000=100) : November 2012

Reference Number: 

2013-001

Release Date: 

Wednesday, January 9, 2013

 

NOVEMBER 2012


Year-on-Year and Month-on-Month Growth Rates
of General Retail Price Index: November and October 2012

         All Items          November 2012   October 2012
Year-on-Year

2.8

2.7

Month-on-Month

0.1

-0.2

        

        
     Year-on-Year

  •           The annual change of the General Retail Price Index (GRPI) in the National Capital Region (NCR) went up to 2.8 percent in November from 2.7 percent in October. A higher annual increment was recorded in the heavily-weighted food index at 1.0 percent in November from 0.9 percent in October; beverages and tobacco index, 7.6 percent from 6.8 percent; crude materials, inedible except fuels index, 9.7 percent from 8.9 percent; machinery and transport equipment index, 3.9 percent from 3.8 percent; and miscellaneous manufactured articles index, 4.3 percent from 4.1 percent. The rest of the commodity groups had slower annual rates except in chemicals, including animal and vegetable oils and fats index whose annual adjustment remained at 2.7 percent.
     

     

     

 

 

  • By Commodity Group, Month-on-Month

              Compared to October 2012, prices of consumer items in NCR inched up by 0.1 percent in November from a decline of 0.2 percent in October.
     

    • The crude materials, inedible except fuels index advanced 0.8 percent from 0.2 percent as prices of construction materials such as gravel and sand went up during the month.
       

    • Price add-ons in selected footwear raised the miscellaneous manufactured articles index by 0.2 percent from 0.1 percent.
       

    • The beverages and tobacco index moved up by 0.7 percent during the month as whisky, beer and selected cigarettes were priced higher.
       

    • Price increments in selected paints, medicines and insecticides resulted to the 0.1 percent growth in the index for chemicals, including animal and vegetable oils and fats.
       

    • The index of manufactured goods classified chiefly by materials rose 0.1 percent due to price hikes in selected construction materials such as white cement, nails and hollow blocks.
       

    • The 0.1 percent increase in machinery and transport equipment index was due to upward price adjustments in selected electrical wires and wiring devices.
       

    • Prices of fresh vegetables were generally lower during the month in review due to sufficient supplies in the market coming from different production sites. Thus, the heavily-weighted food index went down by 0.1 percent.
       

    • Price roll backs in gasoline and kerosene pulled down the mineral fuels, lubricants and related materials index by 1.1 percent.

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