Retail price growth of general goods in the National Capital Region (NCR) grew to its slowest pace in almost five years in April, the Philippine Statistics Authority (PSA), said in a report.
Citing preliminary data, the PSA said that Metro Manila’s price growth slowed further by 0.9% year on year in April from the 1.1% posted in December as measured by the general retail price index (GRPI).
April’s retail price growth was also significantly lower than the year-earlier rate of 2.1% and marked its weakest pace in almost five years (59 months) or since the 0.6% posted in May 2020.
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