GRPI

General Retail Price Index in the National Capital Region (1978=100) : January 2009

The month-on-month growth rate of the General Retail Price Index (GRPI) in the National Capital Region (NCR) went up to 0.9 percent in January from -0.7 percent in December. Prices of the heavily weighted food index increased by 0.6 percentage points to 1.5 percent in January from 0.9 percent in December. Moreover, prices of chemicals, including animal and vegetable oils and fats also went up to 0.1 percent from -0.1 percent. On the other hand, no price movements were seen in the rest of the commodity groups while miscellaneous manufactured group index eased to 0.1 percent from 1.3 percent. The index of mineral fuels, lubricants and related materials still recorded a negative rate of -0.5 percent.

General Retail Price Index in the National Capital Region (1978=100) : December 2008

The month-on-month growth rate of the General Retail Price Index (GRPI) in the National Capital Region (NCR) continued to drop at -0.7 percent in December from -1.4 percent in November as prices of mineral fuels, lubricants and related materials further declined by -16.7 percent from -11.1 percent. Moreover, prices of chemicals, including animal and vegetable oils and fats and manufactured goods classified chiefly by materials also went down by -0.1 percent and -0.2 percent, respectively from their corresponding last month's rates of 0.5 percent and -1.4 percent. Prices of beverages and tobacco posted a zero growth rate during the month. The rest of the commodity groups however recorded higher positive monthly growth rates.

General Retail Price Index in the National Capital Region (1978=100) : November 2008

The month-on-month growth rate of the General Retail Price Index (GRPI) in the National Capital Region (NCR) continued to register a negative rate at -1.4 percent in November from -1.6 percent in October. This was mainly due to the price declines posted in the following commodity groups: food index, -0.5 percent in November from -0.9 percent in October; mineral fuels, lubricants and related materials index, -11.1 percent from -6.9 percent; manufactured goods classified chiefly by materials index, -1.4 percent from -3.6 percent; machinery and transport equipment index, -0.1 percent from 0.1 percent; and miscellaneous manufactured articles index, -0.4 percent from zero growth. In addition, the monthly growth rate of chemicals, including animal and vegetable oils and fats index eased to 0.5 percent from 0.6 percent. On the other hand, the monthly growth rate of beverages and tobacco index was higher at 0.3 percent from -0.3 percent while the index of crude materials, inedible except fuels had a zero growth rate since September.

General Retail Price Index in the National Capital Region (1978=100) : October 2008

The month-on-month growth rate of the General Retail Price Index (GRPI) in the National Capital Region (NCR) further dropped to -1.6 percent in October from -1.2 percent in September due to the continued reductions in the prices of the items in the heavily weighted food index at -0.9 percent from -0.3 percent. Moreover, the beverages and tobacco index also declined to -0.3 percent from 0.7 percent; mineral fuels, lubricants and related materials, -6.9 percent from -8.7 percent; and manufactured goods classified chiefly by materials, -3.6 percent from -1.6 percent. On the other hand, the monthly growth rate of chemicals, including animal and vegetable oils and fats index was higher at 0.6 percent from 0.2 percent while that of machinery and transport equipment index remained at 0.1 percent. Prices of crude materials, inedible except fuels and miscellaneous manufactured articles generally remained stable as they continued to register zero growth rate.

General Retail Price Index in the National Capital Region (1978=100) : September 2008

The month-on-month growth rate of the General Retail Price Index (GRPI) in the National Capital Region (NCR) further dropped to -1.2 percent in September from -0.2 percent in August. This can be attributed to the decreases in the heavily weighted food index at -0.3 percent in September from -0.1 percent in August; mineral fuels, lubricants and related materials, -8.7 percent from -2.4 percent; and manufactured goods classified chiefly by materials, -1.6 percent from -0.1 percent. Moreover, price increment in beverages and tobacco index slowed down to 0.7 percent from 0.9 percent while prices of crude materials, inedible except fuels, machinery and transport equipment and miscellaneous manufactured articles recorded a zero growth rate from their corresponding previous monthÒ³ figures of 1.1 percent, -0.1 percent and 0.7 percent.

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