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

Figure 1. Annual Growth Rates of the GWPI by Area, All Items
March 2024 - March 2025
(2012=100)

1. The annual growth rate of the GWPI at the national level rose in March 2025

The year-on-year growth rate of the GWPI at the national level increased to 3.6 percent in March 2025 from 2.9 percent in February 2025. In March 2024, its annual rate was registered at 2.5 percent. (Tables A, 1a, and 1c)

The uptrend in the annual growth rate of the GWPI was mainly caused by the faster annual increase in the index of chemicals including animal and vegetable oils and fats at 12.4 percent in March 2025 from 10.1 percent annual increment in the previous month.

Likewise, compared with their respective annual growth rates in February 2025, higher annual growth rates were observed in the indices of the following commodity groups in March 2025:

a. Food, 2.9 percent from 2.3 percent;
b. Beverages and tobacco, 3.4 percent from 2.9 percent; 
c. Crude materials, inedible except fuels, 77.9 percent from 60.6 percent; and
d. Manufactured goods classified chiefly by materials, 1.3 percent from 0.9 percent.

Moreover, a zero percent annual rate was recorded in the index of miscellaneous manufactured articles in March 2025 from a 0.1 percent annual drop in the previous month.

On the contrary, slower annual increase was observed in the index of machinery and transport equipment at 1.3 percent during the month from 1.6 percent in February 2025. In addition, faster annual decline of 1.9 percent was recorded in the index of mineral fuels, lubricants and related materials in March 2025 from 0.3 percent annual decrement in the previous month. (Table 1a)

2. The GWPI in Luzon also increased its annual growth rate during the month

The year-on-year growth rate of the GWPI in Luzon increased to 3.9 percent in March 2025 from 3.2 percent in February 2025. In March 2024, the annual rate of the GWPI in Luzon was recorded at 2.3 percent. (Tables A, 2a, and 2c)

The uptrend in the annual growth rate of the GWPI was mainly caused by the higher annual increment in the index of chemicals including animal and vegetable oils and fats at 13.6 percent in March 2025 from 11.1 percent annual increase in the previous month.

Compared with their respective annual growth rates in February 2025, higher annual growth rates were observed in the indices of the following commodity groups in March 2025:

a. Food, 3.2 percent from 2.6 percent;
b. Beverages and tobacco, 3.0 percent from 2.8 percent;
c. Crude materials, inedible except fuels, 88.3 percent from 68.7 percent; and
d. Manufactured goods classified chiefly by materials, 1.4 percent from 0.9 percent.

In addition, an annual increment of 0.1 percent was recorded in the index of miscellaneous manufactured articles in March 2025 from a 0.1 percent annual drop in the previous month.

On the contrary, slower annual increase was observed in the index of machinery and transport equipment at 1.5 percent during the month from 1.7 percent in February 2025. Moreover, faster annual decline of 1.9 percent was recorded in the index of mineral fuels, lubricants and related materials in March 2025 from 0.3 percent annual decrement in the previous month. (Table 2a)

3. Slower annual growth rate of the GWPI was recorded in Visayas in March 2025

The annual growth rate of the GWPI in Visayas eased to 0.8 percent in March 2025 from 1.0 percent in February 2025. Its annual rate in March 2024 was noted at 6.0 percent. (Tables A, 3a, and 3c)

The lower annual growth rate of the GWPI in Visayas was primarily brought about by the slower annual increase of food index at 0.4 percent in March 2025 from 0.8 percent in the previous month.

In addition, slower annual growth rate was observed in the index of chemicals including animal and vegetable oils and fats at 1.3 percent during the month from 1.4 percent in February 2025. Moreover, faster annual decline was recorded in the index of mineral fuels, lubricants and related materials at 1.5 percent in March 2025 from 0.8 percent annual drop in the previous month.

On the other hand, higher annual growth rates were recorded in the indices of beverages and tobacco at 3.6 percent during the month from 3.5 percent in February 2025, and manufactured goods classified chiefly by materials at 1.3 percent in March 2025 from 0.9 percent in the previous month.

The index of machinery and transport equipment retained its previous month’s annual growth rate of 0.8 percent in March 2025, while the indices of crude materials, inedible except fuels and miscellaneous manufactured articles still recorded zero percent annual rate during the month. (Table 3a) 

4. The annual growth rate of the GWPI in Mindanao expanded in March 2025

The annual growth rate of the GWPI in Mindanao rose to 0.8 percent in March 2025 from 0.7 percent in February 2025. Its annual growth rate in March 2024 was recorded at 1.9 percent. (Tables A, 4a, and 4c)

The uptrend in the annual growth rate of the GWPI in Mindanao was primarily brought about by the faster annual increase in the index of beverages and tobacco at 8.4 percent in March 2025 from 3.6 percent in the previous month.

Likewise, faster annual growth rates were recorded in the indices of crude materials, inedible except fuels at 0.5 percent in March 2025 from 0.3 percent in the previous month, and chemicals including animal and vegetable oils and fats at 5.1 percent during the month from 3.9 percent in February 2025.

On the other hand, slower annual growth rate was recorded in the index of manufactured goods classified chiefly by materials at 0.4 percent in March 2025 from 0.6 percent in the previous month. In addition, an annual decline was registered in the index of food at 0.6 percent during the month from a 0.1 percent annual increase in February 2025.

Moreover, faster annual decrease was registered in the index of mineral fuels, lubricants and related materials at 1.5 percent in March 2025 from 1.3 percent annual drop in the previous month.

The index of machinery and transport equipment retained its previous month’s annual growth rate of 0.4 percent, while the index of miscellaneous manufactured articles still recorded a zero percent annual rate in March 2025. (Table 4a)
 

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