NCR retail price growth eases in May

Retail price growth of general goods in the National Capital Region (NCR) eased further in May, the Philippine Statistics Authority (PSA) said on Friday.

Citing preliminary data, the PSA said price growth in Metro Manila, as measured by the general retail price index (GRPI), edged up by 0.8%, easing down from 0.9% in April and the 2% growth posted a year earlier.

In the first five months, the GRPI averaged 1.1%, slowing down from the 2.1% posted in the same period last year.