General Retail Price Index in the National Capital Region (2012=100) : July 2021

Reference Number: 2021-389
Release Date: 15 September 2021

Table A. Year-on-Year Growth Rates of the GRPI in NCR, All Items
In Percent
(2012=100)

July 2020 June 2021 July 2021 Year-to-Date*
1.5 2.0 1.8 1.8

                                                   *Year-on-year change of average GRPI for January to July, 2021 vs. 2020
                                                          Source: Philippine Statistics Authority

                                         

 

Figure 1. Growth Rates of the GRPI in NCR, All Items
July 2020 - July 2021
(2012=100)
 

GWPI

    

GRPI in NCR continued to move downward in July 2021

The annual growth rate of GRPI in NCR eased further to 1.8 percent in July 2021, from 2.0 percent in June 2021. This was higher than its annual rate in July 2020 at 1.5 percent. (Tables A and 2)

The main source of its downward trend was the lower annual rate of increment in beverages and tobacco index at 6.9 percent during the month, from 9.0 percent in the previous month. Moreover, annual hikes slowed down during the month in the indices of the following commodity groups:

  • Food, 1.7 percent;
  • Minerals fuels, lubricants and related materials, 13.0 percent;
  • Chemicals, including animal and vegetable oils and fats, 0.8 percent; and
  • Machinery and transport equipment, and miscellaneous manufactured articles, both at 0.3 percent.

The indices of other commodity groups, i.e., crude materials, inedible except fuels; and manufactured goods classified chiefly by materials retained their previous month’s annual growth rates of 1.6 percent and 1.0 percent, respectively. (Table 2)

 

 

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