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

                                                  _{*Year-on-year change of average GRPI for January to March 2024 vs. 2023          
                                                       Source: Philippine Statistics Authority, Retail Price Survey of Selected Commodities for the          
                                                        Generation of Retail Price Index}          
                                         

Figure 1. Growth Rates of the GRPI in NCR, All Items 
March 2023 - March 2024 
(2012=100) 
 

Annual rate of GRPI in NCR remained at 2.1 percent in March 2024
 

The annual rate of GRPI in NCR continued to increase steadily as it retained its previous month’s year-on-year growth rate of 2.1 percent. In March 2023, its annual increment was recorded at 6.0 percent. (Figure 1, and Tables A, 2, and 4)

Higher annual increments during the month were noted in the indices of crude materials, inedible except fuels at 1.0 percent from 0.7 percent, and mineral fuels, lubricants and related materials at 2.5 percent from 0.2 percent in February 2024.

On the other hand, slower annual increase were noted in the indices of the following commodity groups during the month:

          a. Food, 2.7 percent from 3.0 percent;
          b. Beverages and tobacco, 4.3 percent from 4.8 percent; and
          c. Manufactured goods classified chiefly by materials, 1.2 percent from 1.3 percent in the previous month.

Meanwhile, the rest of commodity groups retained their previous months’s annual rates. (Table 2)


 

See more at the General Retail Price Index Main page.