General Wholesale Price Index (GWPI)
(2012=100)

July 2020

Table A. Year-on-Year Growth Rates of the GWPI by Area, All Items
in Percent
(2012=100)

_{Source: Survey of Wholesale Prices of Commodities for the GWPI, Philippine Statistics Authority}

Figure 1. Growth Rates of the GWPI by Area, All Items
July 2019 - July 2020
(2012=100)

1. GWPI for the Philippines picks up in July 2020

The annual rate of change of GWPI at the national level went up further by 2.7 percent in July 2020. The annual rate in the previous month was 2.5 percent and in July 2019, 1.5 percent. (Tables A and 2)

Annual increases were higher in the indices of crude materials, inedible except fuels at 25.4 percent; chemicals including animal and vegetable oils and fats, and manufactured goods classified chiefly by materials, both at 1.4 percent.

Annual gain was, however, slower in the index of miscellaneous manufactured articles at 0.8 percent, while annual decline was still recorded in the index of mineral fuels, lubricants and related materials at 5.3 percent.

The previous month’s annual growth rates were still observed in the indices of food at 5.0 percent; beverages and tobacco, 6.9 percent; and machinery and transport equipment, 0.5 percent (Table 2)

2. GWPI in Luzon climbs up further this month

The GWPI in Luzon rose further at an annual rate of 3.0 percent in July 2020. Its annual change in June 2020 was registered at 2.8 percent and in July 2019, 1.4 percent. (Tables A and 2)

Annual growth rates were higher in the indices of crude materials, inedible except fuels, 26.8 percent; chemicals including animal and vegetable oils and fats, 1.5 percent; and manufactured goods classified chiefly by materials, 1.4 percent.

Meanwhile, the index of mineral fuels, lubricants and related materials dropped at an annual rate of 4.4 percent.

The indices of the rest of the commodity groups maintained their previous month’s annual growth rates. (Table 2)

3. GWPI in Visayas maintains its June 2020 annual rate

The GWPI in Visayas moved up by 0.8 percent in July 2020, the same annual rate posted in June 2020. In July 2019, its annual rate was registered at 2.3 percent. (Tables A and 2)

The annual rate of manufactured goods classified chiefly by materials index rose by 0.3 percent, from an annual decline of 0.04 percent in the previous month.

On the other hand, annual increases slowed down in the indices of food at 1.0 percent; and chemicals including animal and vegetable oils and fats, 1.4 percent. Moreover, annual rate in the index of mineral fuels, lubricants and related materials decreased by 16.6 percent, while the index of miscellaneous manufactured articles moved at its previous month’s annual rate of -0.04 percent.

The indices of the rest of the commodity groups moved at their previous month’s annual growth rates. (Table 2)

4. GWPI in Mindanao posts higher annual increase during the month

The GWPI in Mindanao climbed by 1.7 percent in July 2020. In the previous month, the annual rate was noted at 1.6 percent and in July 2019, 1.2 percent. (Tables A and 2)

Annual growth rates were higher in the indices of food at 2.1 percent; crude materials, inedible except fuels at 19.0 percent; and chemicals including animal and vegetable oils and fats, 0.7 percent.

On the other hand, a slower annual increase of 1.5 percent was seen in the of manufactured goods classified chiefly by materials. In addition, annual rate in the index of mineral fuels, lubricants and related materials went down by 4.1 percent, while the index of miscellaneous manufactured articles retained its previous month’s annual rate of -0.6 percent.

The indices of beverages and tobacco; and machinery and transport equipment retained their previous month’s annual growth rates at 9.4 percent and 0.6 percent, respectively. (Table 2)

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