Wholesale goods price growth eases in Oct. - BusinessWorld Online

GROWTH in wholesale prices of general goods slowed in October, according to preliminary data from the Philippine Statistics Authority (PSA).

PHILIPPINE STAR/ MICHAEL VARCAS

The October reading was the lowest since the 5.6% recorded in February 2022 and matched the 7.6% pace in August 2022.The GWPI tracks the wholesale trade sector and serves as a benchmark for price adjustments in business contracts and project costing. Crude materials, inedible except fuels posted a decline in prices of 18.6%, accelerating from the 4.8% decline in the prior month.

Price growth in the Visayas eased to 6.6% in October from 6.9% the month prior and 0.8% in October 2021.NOVEMBER BUILDING MATERIALS PRICE GROWTH

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