• Retail prices of goods in Metro Manila snapped a three-month downtrend as it maintained its pace of growth in December from the previous month, according to the Philippine Statistics Authority (PSA).
  • Data released by the PSA yesterday showed the General Retail Price Index (GRPI) in the National Capital Region (NCR) in December retained its previous month’s growth rate at 2.9 percent.
  • This ended three consecutive months of slower annual increases in NCR’s GRPI. Compared to the six percent uptick in December 2022, the latest GRPI in NCR rose at a slower pace. For full-year 2023, the average GRPI growth in NCR was at 4.5 percent, the same growth rate posted in 2022.