SEPTEMBER 2015

Year-on-Year and Month-on-Month Growth Rates
of General Retail Price Index

Year-on-Year

• The annual General Retail Price Index (GRPI) in the National Capital Region (NCR) at 0.4 percent September was the same rate posted last month. In September 2014, it was recorded at 3.2 percent. A higher annual growth was seen in the index of the heavily-weighted food at 2.1 percent. Slowdowns were however, noted in the annual increments of the following indices: beverages and tobacco, 3.6 percent; chemicals, including animal and vegetable oils and fats, 1.2 percent; and miscellaneous manufactured articles, 1.5 percent. Moreover, the indices of mineral fuels, lubricants and related materials and machinery and transport equipment continued to register negative annual rates at -19.2 percent and -0.6 percent, respectively. No movement was observed in the index for manufactured goods classified chiefly by materials. while that for the index of crude materials, inedible except fuels remained at 2.9 percent.

  

By Commodity Group, Month-on-Month

On a monthly basis, the GRPI in NCR posted a zero growth in September from its August level due to offsetting movements among the commodity groups.

• Price rollbacks in petroleum products such as gasoline and LPG pushed down the index of mineral fuels, lubricants and related materials by 0.5 percent.

• Price cuts in selected construction materials such as cement, steel bars, corrugated GI sheet and common wire nails effected a 0.2 percent decline in the index for manufactured goods classified chiefly by materials.

• The heavily-weighted food index moved up at a slower pace of 0.2 percent. Higher prices in fruits and sugar were tempered by the lower prices of live chicken, egg, selected cereal preparations, canned meat and some fish species.

• Prices for the rest of the commodity groups remained stable during the month.