AUGUST 2015
Year-on-Year and Month-on-Month Growth Rates
of General Retail Price Index
| All Items | August 2015 | July 2015 | August 2014 | Year-to-date |
|---|---|---|---|---|
| Year-on-Year | 0.4 | 1.0 | 3.7 | 1.4 |
| Month-on-Month | 0.2 | 0.5 | 0.8 |
Year-on-Year
The annual growth of the General Retail Price Index (GRPI) in the National Capital Region (NCR) slowed down to 0.4 percent in August. It recorded a 1.0 percent gain last month and in August 2014, 3.7 percent. The indices of mineral fuels, lubricants and related materials and machinery and transport equipment continued to post negative annual rates at -19.6 percent and -0.9 percent, respectively. Moreover, slower annual upticks were recorded in the following indices: food, 2.0 percent; beverages and tobacco, 3.8 percent; crude materials, inedible except fuels, 2.9 percent; and manufactured goods classified chiefly by materials, 0.1 percent. On the other hand, a higher annual increase was noted in crude materials inedible except fuels index. Those for the indices of chemicals, including animal and vegetable oils and fats and miscellaneous manufactured articles correspondingly remained at their previous month’s rate of 1.3 percent and 1.7 percent.
By Commodity Group, Month-on-Month
The month-on-month growth of the GRPI in NCR decelerated to 0.2 percent in August from its July level.
Price rollbacks in petroleum products such as gasoline, LPG, diesel fuel and kerosene pushed down the index of mineral fuels, lubricants and related materials by 3.9 percent.
The heavily-weighted food index moved at a slower pace of 1.1 percent. Higher prices of fruits and vegetables were tempered by the price cuts in rice and selected fish species.
The rest of the commodity groups did not move during the month.
