General Wholesale Price Index (1998=100) : November 2015

Reference Number: 2016-017
Release Date: 01 February 2016

 

 


Year-on-Year Growth Rates, All Items
November 2014 - November 2015

         Month             Philippines            Luzon               Visayas           Mindanao    
 2015        
  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
 February -4.9 -5.4 -2.4 -2.1
 January -6.4 -7.2 -3.0 -3.0
 2014        
  December -4.1 -4.8 -1.2 -0.8
  November -0.4 -0.8 1.1 1.3

              
              

 

 

 

 

 

Year-on-Year

          On an annual basis, the General Wholesale Price Index at the national level was still on the downtrend as it continued to exhibit a negative rate of 2.1 percent in November. Last month, it was posted at -3.1 percent and in November 2014, -0.4 percent. Annual declines were noticed in the indices of crude materials, inedible except fuels (-0.3%) and mineral fuels, lubricants and related materials index (-19.9%). Moreover, the annual increment in chemicals including animal and vegetable oils and fats index decelerated to 1.5 percent; machinery and transport equipment index, 0.4 percent; and miscellaneous manufactured articles index, 1.2 percent. However, the food index recorded a higher annual gain of 4.4 percent. The rest of the commodity groups moved at their last month’s rates.

         

  • The GWPI in Luzon fell by 2.4 percent in November as the indices of crude materias, inedible except fuels and mineral fuels, lubricants and related material dropped by 0.3 percent and 20.2 percent, respectively. Also contributing to the downtrend was the slower annual increase in chemicals including animal and vegetable oils and fats index at 1.8 percent; manufactured goods classified chiefly by materials index, 1.4 percent; machinery and transport equipment index, 0.3 percent; and miscellaneous manufactured articles index, 1.3 percent. Meanwhile, a higher annual mark-up was seen in food index at 5.2 percent. Movement in beverages and tobacco index remained at 3.0 percent.
     
  • The annual change  of the GWPI in Visayas went down by 0.7 percent in November. Annual decreases were still observed in the indices of crude materials, inedible except fuels at -7.5 percent and mineral fuels, lubricants and related materials, -21.0 percent. Moreover, the annual gain in beverages and tobacco index slowed down to 6.3 percent, machinery and transport equipment index, 0.4 percent; and miscellaneous manufactured articles index, 0.8 percent. The index for chemicals including animal and vegetable oils and fats, however, moved up at a faster pace of 0.8 percent. The indices for food and  manufactured goods classified chiefly by materials retained their October rates of 5.4 percent and 0.9 percent, respectively.

     

  • In Mindanao, the GWPI declined by 1.4 percent. The annual change of food index contracted by 1.4 percent; mineral fuels, lubricants and related materials index, -12.7 percent; and chemicals including animal and vegetable oils and fats index, -0.1 percent. A lower annual growth of 0.9 percent was also noted in manufactured goods classified chiefly by materials index. Meanwhile, higher annual growths were noticed in the indices of beverages and tobacco at 2.7 percent; crude materials, inedible except fuels, 17.5 percent; machinery and transport equipment, 0.2 percent; and miscellaneous manufactured, 0.7 percent.

     

     

  • By Commodity Group, Month-on-Month

              On a monthly basis, mark-up of GWPI at the national level decelerated to 0.2 percent in November. A negative monthly rate of 0.4 percent was recorded in mineral fuels, lubricants and related materials index. Moreover, increment in the indices of crude materials, inedible except fuels eased to 1.3 percent and chemicals including animal and vegetable oils and fats, 0.1 percent. Higher growths were, however, noted in the indices of food at 0.6 percent; beverages and tobacco and manufactured goods classified chiefly by materials, both at 0.1 percent; and miscellaneous manufactured articles, 0.2 percent. No movement was posted in machinery and transport equipment during the month.

    The food index in Luzon grew by 0.6 percent as prices of eggs, beef, corn grain, selected animal feeds, bakery products, selected fish species, some fruits and vegetables, coffee beans and tube ice went up during the month. Price add-ons in pork, rice, instant noodles, some canned and preserved fruits and coffee beans were seen in Visayas. Thus, the group’s index in the area rose 0.3 percent. In Mindanao, upward adjustments in the prices of live weight hogs, eggs, corn grain, selected rice variety, bakery products were offsetted by the reductions in the prices of flour, fruits, vegetables, desiccated coconut and starch in the area. Hence, the group’s index in the area recorded a flat growth during the period. The national index moved up by 0.6 percent.

    In Visayas, the index in beverages and tobacco dropped by 0.1 percent as selected cigarettes were priced lower in the area during the month. On the other hand, price add-ons in softdrinks in Mindanao triggered a 0.5 percent growth in its group’s index. In Luzon, the group’s index recorded a flat growth during the month. At the national level, movement in the group’s index inched up 0.1 percent.

    The crude materials, inedible except fuels index in Luzon rose 1.5 percent as prices of copra, and abaca fiber were on the uptrend. Meanwhile, higher prices in charcoal, gravel and pebbles in Mindanao raised the group’s index in the area by 2.0 percent. Lower prices of pebbles in Visayas, however, pushed down its group’s index by 0.6 percent. At the country level, the group’s index picked up by 1.3 percent.

    Rollbacks in the prices of gasoline and diesel oil effected the 5.4 percent decline in the mineral fuels, lubricants and related materials index in Mindanao. Similarly, the group’s index in Luzon fell by 0.1 percent due to downward adjustments in the prices of crude oil and bunker oil. Reductions in the prices of gasoline in Visayas were seen during the month. On the other hand, prices of diesel oil and kerosene were higher in the area. These offsetting price movements resulted to a flat growth in its group’s index. At the national level, the index went down by 0.4 percent.

    In Mindanao, the index for chemicals including animal and vegetable oils and fats inched up 0.2 percent as fertilizers, selected paints and varnishes were priced higher during the month. Similarly, add-ons in the prices of some paints and selected medical and pharmaceutical preparations resulted to a 0.1 percent growth in its group’s index in Visayas. Meanwhile, prices of chemicals including animal and vegetable oils and fats items in Luzon generally remained stable during the period as its index had a flat growth. For the Philippines, the group’s index rose 0.1 percent.

    Prices of hollow blocks and selected paper products in Luzon were on the uptrend during the month. Thus, the index for manufactured goods classified chiefly by materials in the area moved up by 0.1 percent. Higher prices of selected paper products likewise pushed up the group’s index in Visayas by 0.1 percent. On the contrary, downward adjustments in the prices of selected leather products, G. I. sheets, and some hardware products caused the group’s index in Mindanao to drop by 0.2 percent. In the Philippines, the group’s index grew by 0.1 percent.

    The 0.2 percent gain in the miscellaneous manufactured articles index in Luzon was due to the increments in the prices of selected newspapers, printed matters, and office and school supplies. A 0.3 percent growth in the group’s index in Mindanao was due to higher prices of some undergarments. On the contrary, the group’s index in Visayas declined by 0.3 percent due to lower prices in selected clothing and some miscellaneous manufactures. At the national level, the group’s index climbed by 0.2 percent.

     

    Note:

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).


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