On a monthly basis, the General Retail Price Index (GRPI) in the National Capital Region (NCR) went down by -0.1 percent in August from 0.1 percent growth in July. This was attributed to the decrease in the heavily weighted food index at -0.1 percent in August from 0.1 percent in July. Moreover, a negative rate of -0.6 percent was still posted by the mineral fuels, lubricants and related materials index. A slower rate of increase of 0.1 percent was also noted in miscellaneous manufactured articles index from 0.2 percent. The same August rate of 0.1 percent was registered in indexes of beverages and tobacco and chemicals, including animal and vegetable oils and fats while no movement was seen in the indexes of manufactured goods classified chiefly by materials and machinery and transport equipment.
