JULY 2013
Year-on-Year and Month-on-Month Growth Rates
of General Retail Price Index: July and June 2013
| All Items | July 2013 | June 2013 | Year-to-date |
|---|---|---|---|
| Year-on-Year | 2.8 | 3.0 | 3.2 |
| Month-on-Month | 0.2 | 0.3 |
Year-on-Year
The annual mark-up in the General Retail Price Index (GRPI) in the National Capital Region (NCR) further decelerated to 2.8 percent in July from 3.0 percent in June. A slower annual gain was observed in the heavily-weighted food index at 1.0 percent in July from 1.9 percent in June; beverages and tobacco index, 19.0 percent from 19.2 percent; crude materials inedible except fuels index, 2.9 percent from 7.8 percent; chemicals, including animal and vegetable oils and fats index, 1.4 percent from 1.6 percent; and miscellaneous manufactured articles index, 3.1 percent from 3.4 percent. On the other hand, mineral fuels, lubricants and related materials index accelerated 7.9 percent from 3.4 percent.
By Commodity Group, Month-on-Month
Compared to June 2013, the increase in the GRPI for all items in NCR eased to 0.2 percent in July from 0.3 percent.
The beverages and tobacco index went up 0.3 percent from 0.2 percent as prices of selected liquors, wines, softdrinks and cigarettes were on the uptrend.
Price hikes in gasoline, LPG, diesel fuel and kerosene pushed up the index of mineral fuels, lubricants and related materials by 2.4 percent from 2.1 percent.
The manufactured goods classified chiefly by materials index grew 0.2 percent from 0.1 percent. This can be attributed to the upward price adjustments in plywood, cement, hollow blocks, sand paper, steel bars, nails and corrugated GI sheets.
Price add-on in sand effected 0.1 percent growth in crude materials, inedible except fuels index.
Prices of foodstuffs such as chicken, milk, rice and sugar were generally higher during the month in review. This was however, offset by the price decreases in fish, other cereal preparations, fruits, vegetables and cooking oil. Thus, the index of food registered a zero growth from 0.2 percent.
No movement was seen in the miscellaneous manufactured articles index as it had a zero growth during the month from 0.1 percent.
