THE annual growth rate of the general retail price index (GRPI) in Metro Manila slowed down to 1.2 percent in September, compared to 1.4 percent in August 2024, and 3.6 percent in September 2023, according to the Philippine Statistics Authority.
THE annual growth rate of the general retail price index in Metro Manila slowed down to 1.2 percent in September, compared to 1.4 percent in August 2024, and 3.6 percent in September 2023, according to the Philippine Statistics Authority.'The primary contributor to the deceleration... was the faster annual decrease recorded in the index of mineral fuels, lubricants and related materials,' the report said, noting the aforementioned price index decreased at 7.
The indices of machinery and transport equipment, and miscellaneous manufactured articles retained their previous month's annual rates at 0.3 percent and 1.5 percent, respectively.The GRPI measures changes in prices at which retailers sell their goods to consumers or end-users. It is also used to monitor the economic situation of the retail trade sector.
Manila Retail Price Growth Marginally Slower
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