Table A. Year-on-Year Growth Rates of the GRPI in NCR
All Items, In Percent
(2012=100)

Figure 1. Growth Rates of the GRPI in NCR, All Items
August 2023 - August 2024
(2012=100) 
 

Annual rate of GRPI in NCR slowed down in August 2024
 

The annual rate of GRPI in NCR eased to 1.4 percent in August 2024 from 1.9 percent in July 2024. In August 2023, its year-on-year growth rate was recorded at 3.9 percent. (Figure 1, and Tables A, 2, and 4)

The primary contributor to the deceleration in the annual growth rate of GRPI in NCR was the annual decrease recorded in the index of mineral fuels, lubricants and related materials at 1.6 percent in August 2024 from 7.4 percent annual increase in the previous month.

In addition, slower annual increase was noted in the food index at 2.1 percent during the month from 2.4 percent in July 2024.

On the other hand, higher annual increase was observed in the index of crude materials, inedible except fuels at 1.2 percent in August 2024 from 1.1 percent in the previous month.

Meanwhile, the indices of the following commodity groups retained their previous month’s annual rates in August 2024:

          a. Beverages and tobacco, 2.4 percent;
          b. Chemicals, including animal and vegetable oils and fats, 2.2 percent;
          c. Manufactured goods classified chiefly by materials, 1.2 percent;
          d. Machinery and transport equipment, 0.3 percent; and
          e. Miscellaneous manufactured articles, 1.5 percent. (Table 2)


 

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