NOVEMBER 2013

Year-on-Year and Month-on-Month Growth Rates
of General Retail Price Index: November and October 2013

Year-on-Year

• The annual growth in the General Retail Price Index (GRPI) in the National Capital Region (NCR) remained at its October rate of 2.3 percent. A higher annual increment was seen in mineral fuels, lubricants and related materials index at 1.3 percent in November from -0.3 percent in October. Meanwhile, slowdowns were recorded in the annual increases of the following commodity groups: food index, 2.3 percent from 2.5 percent; beverages and tobacco index, 14.8 percent from 15.6 percent; crude materials inedible except fuels index, 0.7 percent from 1.8 percent; manufactured goods classified chiefly by materials index 1.3 percent from 1.5 percent; machinery and transport equipment index, 1.4 percent from 1.6 percent and miscellaneous manufactured articles index, 1.2 percent from 1.4 percent. The chemicals, including animal and vegetable oils and fats index retained its previous month’s rate of 1.3 percent.
   

  

   

   

By Commodity Group, Month-on-Month

On a monthly basis, the GRPI for all items in NCR decreased by 0.1 percent in November from 0.4 growth in October.

• A negative rate of 0.2 percent was noted in the heavily-weighted food index. This was due to the downward adjustments in the prices of selected vegetables such as pechay, cabbage, tomatoes, ampalaya, baguio beans, stringbeans and camote.

• Likewise, the index of crude materials, inedible except fuels went down by 0.2 percent as the price of gravel was on the downtrend.

• Price roll-backs were noted in gasoline and kerosene. Thus, the index of mineral fuels, lubricants and related materials dropped by 0.2 percent during the month in review.

• The manufactured goods classified chiefly by materials index fell by 0.1 percent from zero growth as prices of GI sheets, sand and plywood were pegged lower during the month.

• Price cuts in electrical wire and wiring devices pulled down the index of machinery and transport equipment by 0.1 percent from an increment of 0.2 percent last month.

• The index of beverages and tobacco went up 0.1 percent. It resulted from price upticks in liquors, wines and softdrinks.

• Upward adjustments in the prices of selected paints and related compounds raised the index for chemicals, including animal and vegetable oils and fats by 0.2 percent from 0.1 percent.

• No movement was seen in the miscellaneous manufactured articles index as it posted a zero growth in November from 0.1 percent last month.