The producer prices in the Philippines increased by 0.5 percent year-on-year in November 2019, swinging from a revised 0.8 percent gain in the prior month. On a monthly basis, producer prices dropped 0.3 percent in November, after a revised 0.9 percent fall in October.

Producer Prices Change in Philippines averaged 2.66 percent from 1999 until 2019, reaching an all time high of 17.50 percent in January of 2001 and a record low of -10 percent in March of 2013. This page provides the latest reported value for - Philippines Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: National Statistics Office of Philippines

Producer Prices Change in Philippines is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Philippines to stand at 2.00 in 12 months time. In the long-term, the Philippines Producer Prices Change is projected to trend around 3.30 percent in 2020, according to our econometric models.


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Philippines Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
0.50 -0.80 17.50 -10.00 1999 - 2019 percent Monthly
2000=100; NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 03:10 AM Aug 1.6% 0.7% 1.2%
2019-10-30 02:00 AM Sep -0.1% 1.5% 1.8%
2019-11-29 01:00 AM Oct -0.4% 0.2% 0.5%
2019-12-27 02:00 AM Nov 0.5% -0.8% 0.7%
2020-01-30 01:00 AM Dec 0.5% 1.5%


News Stream
2019-10-01
Philippines Producer Prices Rise the Most in 4 Months
The producer price inflation in the Philippines rose to 1.6 percent year-on-year in August 2019, the highest since April, from a downwardly revised 0.7 percent gain in the prior month. Prices rose faster for furniture & fixtures (64.9% vs 64% in July), beverages (3.4% vs 2.9%), rubber & plastics (4% vs 3.9%), while cost rebounded for both miscellaneous manufactures (4.5% vs -8.8%) and transport equipment (0.4% vs -2.6%). At the same time, prices fell less for petroleum products (-6.7% vs -6.9%), electrical machinery (-3.3% vs -4.1%), fabricated metals (-8% vs -8.7%), and machinery except electrical (-2.3% vs -5.4%). On the other hand, inflation slowed for non-metallic mineral products (3.5% vs 8.1%), with cost declining for food manufacturing (-4.6% vs -4.3%), basic metals (-8.3% vs -7%), and leather products (-12.1% vs -7.8%). On a monthly basis, producer prices rose 1 percent, after a 0.8 percent fall in July.

2019-08-30
Philippines Producer Inflation Slows to 1.1% in July
The producer price inflation in the Philippines fell to 1.1 percent year-on-year in July 2019 from an upwardly revised 1.4 percent gain in the prior month. Prices eased for rubber & plastics (4.2% vs 5.2% in June) and beverages (2.9% vs 3.3%). Also, cost fell further for chemicals (-5.5% vs -4.9%); basic metals (-7.9% vs -6.4%); petroleum products (-2.9% vs -1.9%); electrical machinery (-5.1% vs -0.9%); fabricated metal products (-9.6% vs -8.4%); miscellaneous manufactures (-8.8% vs -7.3%); paper (-2.4% vs -1%) and textiles (-2.4% vs -1.6%). In contrast, prices rose at faster pace for both non-metallic mineral products (8% vs 7.6%) and furniture & fixture (64% vs 60.6%). Additionally, cost dropped less for transport equipment (-2.3% vs -2.5%); machinery except electrical (-1.9% vs -3.5%); footwear (-7.8% vs -9.9%); leather products (-12.5% vs -22.4%); and wood & wood products (-5.9% vs -7.1%). On a monthly basis, producer prices went down 0.4 percent, after a 0.2 percent fall in June.

2019-07-30
Philippines Producer Inflation Inches Higher to 1% in June
The producer price inflation in the Philippines edged up to 1 percent year-on-year in June 2019 from a downwardly revised 0.9 percent in the prior month. Prices rose further for: non-metallic mineral products (8.5% vs 11.2% in May), furniture & fixture (57.9% vs 47.9%), rubber & plastics (5.1% vs 5.2%), beverages (3% vs 3.5%), and tobacco products (3.9% vs 5.3%). In contrast, cost fell for: transport equipment (-3.9% vs -4.2%), chemicals (-4.9% vs -5.3%), basic metals (-5.9% vs -8.2%), machinery except electrical (-3.5% vs 0.7%), electrical machinery (-1.5% vs -0.5%), petroleum products (-2.1% vs -0.4%), fabricated metal products (-6.6% vs -12.4%), footwear (-8.3% vs -3.1%), leather products (-19.5% vs -13%), miscellaneous manufactures (-7.3% vs -7.7%), and wood & wood products (-8% vs -3.5%). On a monthly basis, producer prices dropped by 0.4 percent in June, after a 0.1 percent fall in May.

2019-07-02
Philippines Producer Inflation Slows to 5-Month Low
The producer price inflation in the Philippines fell to 2.7 percent year-on-year in May 2019 from a downwardly revised 3.6 percent in the prior month. It was the lowest producer inflation rate in five months, as prices slowed for transport equipment (3.7 pct vs 4.5 pct in April), furniture & fixtures (47.9 pct vs 54.4 pct), machinery except electrical (0.8 pct vs 1.5 pct), and paper & paper products (1.9 pct vs 4.1 pct). In addition, cost fell further for basic metals (-8.1 pct vs -7.6 pct), chemicals (-5.4 pct vs -5.2 pct), and miscellaneous manufactures (-7.7 pct vs -6.6 pct). Also, prices dropped for electrical machinery (-0.6 pct vs 0.2 pct), and footwear & wearing apparel (-2.5 pct vs 0.2 pct). In contrast, cost rose faster for non-metallic mineral products (11 pct vs 10.7 pct); rubber & plastics (5.8 pct vs 5.7 pct); and fabricated metal products (3.7 pct vs 3.3 pct). On a monthly basis, producer prices edged down 0.02 percent in May, after a 0.4 percent fall in April.

2019-05-30
Philippines Producer Inflation Slows in April
Producer prices in the Philippines rose by 3.8 percent year-on-year in April 2019, easing from an upwardly revised 4.5 percent gain in March. Prices slowed for non-metallic mineral products (9.5 pct vs 10.3 pct in March); rubber & plastics (5.7 pct vs 5.9 pct); beverages (2.5 pct vs 2.6 pct); fabricated metal products (3.1 pct vs 6.1 pct); electrical machinery (0.3 pct vs 1.5 pct); and leather products (2 pct vs 4.6 pct). In addition, cost fell further for food manufacturing (-4 pct vs -3.6 pct); basic metals (-8 pct vs -4.4 pct); miscellaneous manufactures (-6.7 pct vs -4.9 pct); wood & wood products (-5.3 pct vs -1.8 pct); footwear & wearing apparel (-2 pct vs -1.6 pct); and textiles (-3.5 pct vs -3.3 pct). Also, cost of petroleum dropped (-1.1 pct vs 5 pct). On a monthly basis, producer prices declined 0.4 percent in April, after an upwardly revised 0.3 percent rise in March.

2019-04-30
Philippines Producer Inflation Rises to 3.6% in March
Producer prices in the Philippines rose by 3.6 percent year-on-year in March 2019, accelerating from a downwardly revised 2.6 percent gain in February, as cost increased at a faster rate for: transport equipment (3.5 pct vs 2.7 pct in February); fabricated metal products (3.6 pct vs 1.1 pct); furniture & fixtures (55.0 pct vs 45.4 pct); paper & paper products (4.8 pct vs 1.3 pct); petroleum products (4.8 pct vs 2.9 pct) while cost of leather products rebounded (2.2 pct vs -5.8 pct). Meantime, cost went up softer for textiles (3.1 pct vs 4.3 pct). In addition, prices fell less for: basic metals (-5.0 pct vs -5.2 pct); wood & wood products (-3.3 pct vs -9.0 pct). On the other hand, cost continued to drop for miscellaneous manufactures (-4.7 pct, the same as in February); machinery except electrical (-3.6 pct vs -0.6 pct). On a monthly basis, producer prices edged up 0.02 percent in March, after a revised 0.9 percent fall in February.


Philippines Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Philippines Prices Last Previous Highest Lowest Unit
Inflation Rate 2.50 1.30 62.80 -2.10 percent [+]
Inflation Rate Mom 0.70 0.25 8.80 -4.50 percent [+]
Consumer Price Index CPI 121.90 121.10 121.90 1.00 points [+]
Core Consumer Prices 120.90 120.50 120.90 59.24 points [+]
Core Inflation Rate 3.10 2.60 7.25 1.40 percent [+]
GDP Deflator 199.02 191.00 199.02 12.87 points [+]
Producer Prices 133.23 133.67 180.70 81.10 points [+]
Producer Prices Change 0.50 -0.80 17.50 -10.00 percent [+]
Food Inflation 1.70 0.00 17.30 -0.90 percent [+]
Import Prices 119.91 113.04 138.30 11.46 Price Index [+]
Export Prices 105.82 90.93 133.52 8.57 Price Index [+]
CPI Housing Utilities 114.00 113.50 114.00 97.90 points [+]
CPI Transportation 106.90 106.20 108.80 91.90 points [+]