Table A. Year-on-Year Growth Rates of the GRPI in NCR, All Items,
Source: Philippine Statistics Authority
Figure 1. Growth Rates of the GRPI in NCR, All Items
November 2019 - November 2020
GRPI in NCR moves upward in November 2020
The year-on-year change of GRPI in NCR picked up by 1.3 percent in November 2020. In the previous month, its annual rate was recorded at 1.2 percent and in November 2019 at 1.0 percent. (Table A and Table 2)
The indices of the following commodity groups exhibited higher annual increases during the month compared with the previous month:
- Food, 2.6 percent;
- Beverages and tobacco, 5.9 percent; and
- Manufactured goods classified chiefly by materials, 1.3 percent.
On the other hand, the annual increment in the index of chemicals, including animal and vegetables oils and fats was slower at 0.2 percent during the month, from 0.4 percent in the previous month. In addition, the index of mineral fuels, lubricants and related materials continued to move downward as its annual rate dropped by -7.9 percent in November 2020.
The indices of crude materials, inedible except fuels, and miscellaneous manufactured articles retained their previous month’s annual growth rates of 1.9 percent and 0.6 percent, respectively. Meanwhile, the index of machinery and transport equipment had zero annual growth during the period. (Table 2)
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