Price growth of wholesale goods in the Philippines eased to a three-month low in May, according to preliminary data from the Philippine Statistics Authority (PSA). The general wholesale price index (GWPI) at the national level slowed to 2.5% from 3.5% in April, as reported by BusinessWorld.
Analysts attributed the moderation to receding cost pressures amid softer global oil prices, which tempered input costs for manufacturers and distributors. The May figure marks the slowest wholesale price growth since February, when the index stood at 2.3%.
The easing of wholesale inflation could signal broader disinflationary trends across the economy, potentially giving the central bank more room to adjust monetary policy. However, analysts cautioned that global commodity volatility remains a risk factor for future price movements.