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Release Date :
Reference Number :
2024-SSO-145

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

 

August 2023

 

July 2024

 

August 2024

 

Year-to-date *
3.91.91.42.0
*Year-on-year change of average GRPI for January to August 2024 vs. 2023         
Source: Philippine Statistics Authority, Retail Price Survey of Selected Commodities for the Generation of Retail Price Index

  

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)


 

See more at the General Retail Price Index Main page.

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