Manila, July 2 -- Wholesale prices slowed down in May this year, mainly driven by easing price increases across several commodity groups, the Philippine Statistics Authority (PSA) said.

PSA data released Thursday showed that general wholesale price index (GWPI) slowed to 2.5 percent in May from 3.1 percent in April.

Last year, the GWPI was at 3.5 percent.

At the national level, the downtrend was mainly due to the faster annual decrease in the index of mineral fuels, lubricants and related materials.

Faster annual declines were, likewise, recorded in the indices of crude materials, inedible except fuels at 27.2 percent from 23.3 percent in April, and chemicals including animal and vegetable oils and fats at 3.1 percent in May 2026 fro...