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
July 2023 - July 2024
(2012=100)
 

Annual rate of GRPI in NCR increased to 1.9 percent in July 2024
 

The annual rate of GRPI in NCR moved up to 1.9 percent in July 2024 from 1.8 percent in June 2024. In July 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 uptrend in the annual rate of GRPI in NCR was the higher annual increase observed in the index of mineral fuels, lubricants and related materials at 7.4 percent in July 2024 from 5.7 percent in the previous month.

In addition, higher annual increments were noted in the indices of the following commodity groups during the month:

          a. Crude materials, inedible except fuels, 1.1 percent from 0.8 percent;
          b. Chemicals, including animal and vegetable oils and fats, 2.2 percent from 2.0 percent; and
          c. Manufactured goods classified chiefly by materials, 1.2 percent from 1.1 percent.

On the other hand, slower annual increases in July 2024 were observed in the indices of beverages and tobacco at 2.4 percent from 2.6 percent, and machinery and transport equipment at 0.3 percent during the month from 0.4 percent in June 2024.

Meanwhile, the indices of food and miscellaneous manufactured articles retained their previous month’s annual rates of 2.4 percent and 1.5 percent, respectively. (Table 2)


 

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