Skip to main content
Release Date :
Reference Number :
2016-057


Year-on-Year Growth Rates, All Items
March 2015 - March 2016

Month Philippines Luzon Visayas Mindanao
2016
March -0.5 -0.8 1.0 0.6
February -1.1 -1.6 1.0 0.4
January 0.4 0.1 1.4 1.6
2015
December -0.7 -1.0 1.0 -0.6
November -2.1 -2.4 -0.7 -1.4
October -3.1 -3.5 -1.4 -1.0
September -4.3 -4.9 -2.2 -1.6
August -4.1 -4.4 -2.8 -2.5
July -3.7 -4.1 -1.9 -2.2
June -3.7 -4.2 -1.0 -2.1
May -4.1 -4.8 -0.3 -1.8
April -4.4 -4.9 -0.5 -2.9
March -4.7 -5.2 -1.9 -3.0


Year-on-Year

The year-on-year change of General Wholesale Price Index (GWPI) at the national level continued to drop as it registered -0.5 percent in March 2016. Last month, it posted a decrease of 1.1 percent; and in March 2015, -4.7 percent. This was due to the double-digit annual decrease recorded in mineral fuels, lubricants and related materials index by 15.0 percent and in machinery and transport equipment index by 0.1 percent. Contributing also to the downtrend was the slower annual growth in beverages and tobacco index at 2.3 percent; chemicals including animal and vegetable oils and fats index, 1.6 percent; and manufactured goods classified chiefly by materials index, 0.7 percent. On the other hand, higher annual increases were noted in the indices of crude materials, inedible except fuels at 21.2 percent and miscellaneous manufactured articles, 2.1 percent. Annual movement in food index remained at 3.2 percent (Table 1.2).

  • Following the same trend at the national level, the annual growth of GWPI in Luzon declined by 0.8 percent in March 2016. The annual growth of mineral fuels, lubricants and related materials index and machinery and transport equipment index went down by 15.5 percent and 0.1 percent, respectively. Moreover, annual increments in the indices of beverages and tobacco and chemicals including animal and vegetable oils and fats slowed down to 1.9 percent and manufactured goods classified chiefly by materials, 0.7 percent. Meanwhile, annual gain was higher in food index at 3.1 percent; crude materials, inedible except fuels index, 21.9 percent; and miscellaneous manufactured articles index, 2.2 percent (Table 2.2).
  • In Visayas, the annual movement of the GWPI in March remained at 1.0 percent in March. The index for crude materials, inedible except fuels went up at a faster pace of 14.2 percent during the month. Meanwhile, the annual mark-up in food index slowed down to 3 .9 percent; chemicals including animal and vegetable oils and fats index, 0.5 percent; and miscellaneous manufactured articles index, 1.1 percent. That for beverages and tobacco index retained its last month’s rate of 4.9 percent and machinery and transport equipment index, 0.4 percent. A flat growth was still seen in manufactured goods classified chiefly by materials index (Table 3.2).
  • The annual adjustment in the GWPI in Mindanao rose 0.6 percent in March. This was due to higher annual increases in the indices of food and crude materials, inedible except fuels at 3.3 percent and 21.5 percent, respectively. On the other hand, negative annual rates were posted in the indices of mineral fuels, lubricants and related materials at 12.8 percent and chemicals including animal and vegetable oils and fats, 0.2 percent. The rest of the commodity groups maintained their last month’s rate (Table 4.2).

  • By Commodity Group, Month-on-Month

    At the national level, the month-on-month growth of the GWPI moved up by 0.9 percent in March. Higher increment was recorded in crude materials, inedible except fuels index at 8.2 percent. In addition, the indices for mineral fuels, lubricants and related materials index and manufactured goods classified chiefly by materials picked up by 5.4 percent and 0.1 percent, respectively. On the other hand, the index for chemicals including animal & vegetable oils and fats dropped by 1.1 percent. The other commodity groups posted a flat growth (Table 1.1).

    The index for crude materials, inedible except fuels in Luzon climbed by 8.3 percent as prices of copra, abaca fiber, sand and gravel were on the uptrend. Similarly, higher prices of copra raised the group’s index in Visayas by 9.0 percent. In Mindanao, the group’s index registered a 2.8 percent growth during the month due to upward adjustments in the prices of firewood and gravel. At the national level, it accelerated by 8.2 percent.

    Price hikes in gasoline, diesel, kerosene and LPG pushed up the mineral fuels, lubricants and related materials index in Luzon by 5.8 percent; Visayas, 3.8 percent; and Mindanao, 2.1 percent. For the Philippines, the group’s index advanced by 5.4 percent.

    Plywood, cement, selected tiles and metal products in Luzon were priced higher during the month. Thus, the index for manufactured goods classified chiefly by materials in the area inched up 0.1 percent. Moreover, price gains in selected leather products resulted to a 0.1 percent growth in its group’s index in Mindanao. A flat growth was, however, noticed in the group’s index in Visayas. At the country level, the index rose by 0.1 percent.

    The index for chemicals including animal and vegetable oils and fats in Luzon fell by 1.3 percent as prices of coconut oil and paints went down during the month. Meanwhile, laundry soap, floorwax and insecticides were priced higher in Mindanao. Hence, its group’s index inched up by 0.1 percent. In Visayas, the group’s index had a flat growth. For the Philippines, the index dropped by 1.1 percent.

    Note:

1. GWPI by sub-group for Luzon, Visayas, Mindanao and at the national level are also available upon request at PSA, Price Statistics Division (Telephone Number: 376-1959).

Tags

Related Contents

General Wholesale Price Index (GWPI) (2012=100): December 2023

The year-on-year growth rate of GWPI at the national level went up to 4.3 percent in December 2023 from 4.2 percent in November 2023.

General Wholesale Price Index (GWPI) (2012=100): November 2023

The annual increase of GWPI at the national level eased to 4.2 percent in November 2023 from 4.4 percent in October 2023.

General Wholesale Price Index (GWPI) (2012=100): October 2023

In October 2023, the year-on-year growth rate of GWPI at the national level retained its September 2023 annual growth rate of 4.4 percent.