Retail price growth in Metro Manila accelerated in April, driven by a spike in mineral fuels, lubricants and related materials prices, the Philippine Statistics Authority (PSA) reported. Citing preliminary data, BusinessWorld said the general retail price index (GRPI) in the National Capital Region (NCR) rose 4.5% year on year in April.
The faster GRPI growth compared to previous months was mainly attributed to higher prices in the mineral fuels, lubricants and related materials category. Other commodity groups also posted increases, though at a slower pace, contributing to the overall acceleration in retail prices.
The PSA’s data highlights ongoing price pressures in the consumer market, particularly in fuel-related items. Economists may view the trend as a factor influencing monetary policy decisions, as sustained retail price increases could impact household spending and inflation expectations in the capital region.