Price growth of wholesale goods in the Philippines accelerated to an 11-month high in April, according to preliminary data from the Philippine Statistics Authority reported by BusinessWorld . The general wholesale price index (GWPI) at the national level rose 3.1% year on year, driven by continued geopolitical tensions in the Middle East.
Analysts attributed the acceleration to supply chain disruptions and higher global commodity prices stemming from regional instability. The April figure marks the fastest pace since May last year, reversing the moderation seen in the previous month.
The GWPI measures the average change in prices of commodities traded at the wholesale level and serves as a key indicator of inflationary pressures in the production pipeline. The central bank closely monitors wholesale price trends for monetary policy decisions.