The retail price of general commodities in the National Capital Region (NCR) is increasing to FloridaIn June, the Philippine Statistics Agency (PSA) said on Monday.
The PSA cited preliminary data and said the growth rate of the General Retail Price Index (GRPI) for the National Capital Region (NCR) remained at 0.8% in June, unchanged from a month ago, opposing the 1.8% growth rate released a year ago.
exist fiThird, the average growth rate of NCR retail prices is 1%, while annual revenue is 2.1%.
Oikonomia Advisory and Research, Inc. “The fuel’s sub-index remains on a downward trend due to lower global oil prices and expectations for lower trading activity,” said Reinielle Matt M. Erece, an economist, in an email.
“Crude oil is also a derivative of oil production and may also be affected,” he added.
Inedible raw materials except fuels slowed to 0.3% from 0.5% in May, marking the weakest growth rate since January 2024.
The continued decline in fossil fuels, lubricants and related materials was 3.2%, up from 4.7% in May.
“This reflects the overall decline in global oil prices, except for the surge in June last year, due to geopolitical tensions in the Middle East,” Eris said.
The weight-weighted food index was 1.1%, compared to 1% in May. Price growth rate for beverages and tobacco accelerated from 3.3% to 3.4%.
The index of food and beverage, spirits and tobacco sub-indexes were 37.5% and 4.38% respectively.
Meanwhile, the price of other manufactured items has risen from 0.8% to 0.4%. Chemicals including animal and vegetable oils and fats (2.0%), made of goods Classi, prices remained stagnantfiElapsed mainly by materials (0.7%) as well as machinery and transportation equipment (0.2%).
PSA uses GRPI as an indenter in national accounts, especially in the retail trade sector and serves as the basis for forecasting. – Pierce Oel A. Montalvo
