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General Retail Price Index in the National Capital Region (2012=100) : December 2019

Reference Number: 2020-043
Release Date: 29 January 2020

GENERAL RETAIL PRICE INDEX (GRPI)
IN THE NATIONAL CAPITAL REGION (NCR)
(2012=100)

DECEMBER 2019

Table A. Year-on-Year Changes of GRPI for All Items, in Percent
(2012=100)

December 2019 November 2019 December 2018 Year-to-Date
1.7 1.0 2.7 1.6

                                         
                                         

Figure 1. Annual Growth Rate of GRPI for All Items, in Percent
December 2018 - December 2019
(2012=100)

GWPI

    

Annual movement of GRPI in the National Capital Region (NCR) increases at a faster pace during the month

The annual growth rate of GRPI in NCR went up further by 1.7 percent in December 2019. In the previous month, its annual rate of increase was posted at 1.0 percent and in December 2018, 2.7 percent. (Table A and Table 2)

The index of mineral fuels, lubricants and related materials, recorded an annual growth rate of 4.1 percent after registering an annual decrease from June to November 2019. Meanwhile, higher annual increments were recorded in the indices of the following commodity groups:

  • Food, 2.2 percent;
  • Beverages and tobacco, 3.4 percent;
  • Manufactured goods classified chiefly by materials, 1.4 percent; and
  • Miscellaneous manufactured articles, 1.1 percent.

Meanwhile, annual increases were slower in the indices of crude materials, inedible except fuels at 1.1 percent; and machinery and transport equipment, 0.5 percent. The index of chemicals, including animal and vegetable oils and fats retained its previous month’s annual growth of 0.9 percent.

The average annual growth rate of GRPI in NCR for all items decelerated to 1.6 percent in 2019, from 2.6 percent in 2018. The average annual rate of increase for mineral fuels, lubricants and related materials declined by 1.4 percent in 2019. Moreover, lower average annual increases were posted in the indices of beverages and tobacco at 2.8 percent; machinery and transport equipment, and miscellaneous manufactured articles, both at 0.7 percent. On the other hand, higher average annual growth rates were registered in the indices of food at 2.6 percent; crude materials, inedible except fuels, 3.9 percent; and chemicals, including animal and vegetable oils and fats, 1.2 percent. The index of manufactured goods classified chiefly by materials retained its previous year’s average annual growth rate of 1.4 percent. (Table 2)

 

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