Year-on-Year Growth Rates, All Items
June 2012 - June 2013
| Month | Philippines | Luzon | Visayas | Mindanao |
|---|---|---|---|---|
| 2013 | ||||
| June | 2.8p | 2.4p | 2.2p | 6.9 |
| May | 0.3 | -0.4 | 0.8 | 6.4 |
| April | -1.3 | -2.1 | -0.8 | 5.7 |
| March | -1.5 | -2.3 | -0.2 | 4.3 |
| February | 0.2 | -0.4 | 2.1 | 4.6 |
| January | -0.4 | -1.1 | 1.7 | 3.9 |
| 2012 | ||||
| December | -0.5 | -0.9 | 0.4 | 2.2 |
| November | -0.6 | -0.9 | 0.5 | 1.1 |
| October | 1.2 | 1.4 | 1.1 | 0.2 |
| September | 2.2 | 2.5 | 1.4 | 1.3 |
| August | 2.6 | 2.7 | 1.5 | 2.1 |
| July | -0.2 | -0.4 | -0.7 | 1.4 |
| June | -1.1 | -1.4 | -1.3 | 1.6 |
p - preliminary
Year-on-Year
The annual growth of the General Wholesale Price Index (GWPI) at the national level picked up to 2.8 percent in June from 0.3 percent in May. The mineral fuels, lubricants and related materials index went up 4.2 percent in June from -6.8 percent in May; chemicals including animal and vegetable oils and fats index, 0.1 percent from -1.2 percent; and miscellaneous manufactured articles index, 1.0 percent from 0.9 percent. Meanwhile, a slowdown was posted in the food index at 2.9 percent from 4.4 percent; beverages and tobacco index, 21.1 percent from 21.2 percent; manufactured goods classified chiefly by materials index, 1.1 percent from 1.2 percent; and machinery and transport equipment index, 0.8 percent from 1.0 percent. The crude materials, inedible except fuels index continued to register a negative annual rate of 7.4 percent from -14.1 percent.
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In Luzon, the GWPI advanced 2.4 percent in June from -0.4 percent in May. Higher annual gains were correspondingly observed in the indices of mineral fuels, lubricants and related materials and miscellaneous manufactured articles at 4.3 percent and 0.8 percent from -7.4 percent and 0.6 percent, respectively. The annual mark-up in the heavily-weighted food index eased to 2.0 percent from 4.1 percent and machinery and transport equipment index, 0.7 percent from 0.8 percent. However, the crude materials, inedible except fuels index declined by 6.7 percent from -14.5 percent and chemicals including animal and vegetable oils and fats index at -0.1 percent from -1.7 percent. Annual movements in the indices of beverages and tobacco and manufactured goods classified chiefly by materials remained at 18.9 percent and 0.8 percent, respectively.
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Similarly, the GWPI in Visayas moved up by 2.2 percent in June from 0.8 percent in May. The food index rose 1.3 percent in June from 1.2 percent in May; mineral fuels, lubricants and related materials index, 4.6 percent from -3.8 percent; and chemicals including animal and vegetable oils and fats index, 1.1 percent from 0.7 percent. Slower annual additions were noticed in the beverages and tobacco index at 27.1 percent from 27.3 percent and miscellaneous manufactured articles index, 1.2 percent from 1.4 percent. The indices for manufactured goods classified chiefly by materials and machinery and transport equipment retained their respective last month’s rates of 1.0 percent and 0.4 percent with the index of crude materials, inedible except fuels still recording an annual decrease of -17.8 percent from -18.4 percent.
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In Mindanao, the GWPI grew by 6.9 percent from 6.4 percent. Higher annual increments were noted in the food index at 11.0 percent from 10.1; mineral fuels, lubricants and related materials index, 2.6 percent from 0.1 percent; and miscellaneous manufactured articles index, 3.7 percent from 3.5 percent. Meanwhile, the year-on-year increases improved in the following commodity groups: beverages and tobacco index (31.5% from 32.3%); crude materials, inedible except fuels index (7.9% from 8.0%); chemicals including animal and vegetable oils and fats index (0.7% from 1.2%); manufactured goods classified chiefly by materials index (2.8% from 3.9%); and machinery and transport equipment index (2.2% from 2.4%).
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By Commodity Group, Month-on-Month
At the national level, the GWPI moved at a faster rate of 0.8 percent in June from 0.1 percent in May. The index for crude materials, inedible except fuels index advanced 5.5 percent in June from 1.5 percent in May; mineral fuels, lubricants and related materials index, 2.3 percent from -0.1 percent; and chemicals including animal and vegetable oils and fats index, 1.0 percent from 0.4 percent. The monthly uptick in miscellaneous manufactured articles index remained at 0.2 percent while those for the rest of the commodity groups remained stable as they registered a zero growth.
The crude materials, inedible except fuels index in Luzon jumped by 6.3 percent from 1.9 percent as higher prices of copra were noticed during the month. In Visayas, add-ons in the prices of copra and firewood contributed to the 1.8 percent increase in the group’s index. On the contrary, lower prices of gravel and sand pushed down the group’s index in Mindanao by 0.1 percent. At the national level, the group’s index climbed 5.5 percent from 1.5 percent.
Price hikes in petroleum products raised the mineral fuels, lubricants and related materials index in the four areas: Philippines and Luzon, 2.3 percent; Visayas, 2.4 percent; and Mindanao, 1.6 percent.
Upward adjustments in the prices of coconut oil in Luzon and Visayas effected the 1.2 percent gain in the index for chemicals including animal and vegetable oils and fats in Luzon and in Visayas, 0.4 percent. Meanwhile, prices of chemicals including animal and vegetable oils and fats in Mindanao generally remained stable. Thus, its group’s index in the area had a zero growth. In the Philippines, the group’s index rose 1.0 percent from 0.4 percent.
Higher prices of selected wristwatch resulted to a 0.2 percent increase in the miscellaneous manufactured articles index in Luzon and in Mindanao, 0.1 percent. In Visayas, no movement was observed in the group’s index. The monthly uptick in the national index remained at its last month’s rate of 0.2 percent.
A zero growth was recorded in beverages and tobacco index in the four areas.
The index for machinery and transport equipment in Mindanao inched up 0.1 percent as price increments were seen in some electrical appliances, electrical lamps and fixtures. In Luzon and Visayas, prices of machinery and transport equipment generally remained stable during the month. These factors contributed to a zero growth in the group’s national index.
Mark-ups in prices of selected food items such as rice, eggs, garlic, peanuts, calamansi, tonic food drinks and sugar pushed up the food index in Mindanao by 2.5 percent. Higher prices of poultry feeds also contributed to the uptrend. In Visayas, the 0.2 percent growth in the group’s index was due to price increases in selected food items like beef, milk and milk products, sugar and processed meat. However, the 0.4 percent decline in the group’s index in Luzon was triggered by the lower prices of selected fish species, tomatoes and some fruits and vegetables. These mixed price trends resulted to a zero growth in the group’s national index.
A 0.1 percent gain in the manufactured goods classified chiefly by materials in Visayas was due to price hikes in selected construction materials. In Mindanao, the group’s index had a zero growth as higher price of abaca was offsetted by the downward adjustments in the prices of selected paper products, cotton thread and cotton yarn. Movement in the group’s index in Luzon and at the national level was zero.
Notes:
GWPI by sub-group for Luzon, Visayas, Mindanao and at the national level are also available upon request at NSO, Industry and Trade Statistics Department, Economic and Indicators Division (Telephone Numbers: 716-39-35 and 715-33-47).
