MANILA — Metro Manila posted the sharpest rise in retail prices of food and non-alcoholic beverages in August this year compared with other areas in the country.
Latest data from the Philippine Statistics Authority (PSA) showed that the average food and beverage prices in the National Capital Region (NCR) rose 8.6 percent last August from year-ago figures.
This was a bit higher than the 8.4 percent rise in the average food and non-alcoholic beverage retail prices in areas outside NCR (AONCR), the PSA noted.
Price acceleration in the NCR also exceeded the Philippines’ 8.5 percent average price increase this year for the same commodity group.
In August 2017, rise in the group’s average retail price was slower at 5.2 percent for NCR, 2.4 percent for AONCR, and 2.9 percent for the Philippines, the PSA data showed further. (Catherine Teves/PNA)
