THE annual increase of the general wholesale price index (GWPI) in the country eased to 2.4 percent in July from 2.6 percent in June, and lower than the 4.5 percent in the same period last year, according to a report from the Philippine Statistics Authority (PSA).
THE annual increase of the general wholesale price index in the country eased to 2.4 percent in July from 2.6 percent in June, and lower than the 4.5 percent in the same period last year, according to a report from the Philippine Statistics Authority .'The downtrend in the annual rate of GWPI in the country was primarily caused by the lower annual increase in the index of food,' said the PSA . The food price index dropped 3.6 percent from 4.0 percent in June.
5 percent; mineral fuels, lubricants and related materials at 6.6 percent from 6.3 percent; and chemicals including animal and vegetable oils and fats at 3.6 percent from 2.7 percent.The index of machinery and transport equipment retained an annual increase of 0.3 percent during the month.The Luzon region also recorded a lower annual increase at 2.3 percent compared to 4.6 percent last year and 2.4 percent in the previous month.The annual growth rate of GWPI in Visayas also slowed down to 3.
Price Growth Slows To 2.4% In July PSA
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