MANILA — The general retail price index (GRPI) of food in the National Capital Region (NCR) inched up by 0.8 percent in June from the previous month, the Philippine Statistics Authority (PSA) has reported.
This somewhat bucked the downward trend in the previous three months of March, April, and May, when retail prices of food generally dipped -0.2 percent, -0.6 percent, and -0.3 percent, respectively, the PSA data showed.
June’s slightly higher price index was because of price increases in rice and other agricultural commodities.
“This was due to higher prices of eggs, pork, chicken, milk, cheese, fish, rice, corn, vegetables, sugar, powdered tonic drinks, and fish sauce,” the PSA noted.
The GRPI is a statistical measure of changes in prices, at which retailers dispose their goods to consumers relative to a base year, the PSA explained. (Catherine Teves/PNA)
