Philippines Producer Prices Change1999-2020 Data | 2021-2022 Forecast | Calendar

The producer prices in the Philippines declined by 0.1 percent year-on-year in September 2019, swinging from a downwardly revised 1.5 percent gain in the prior month. This was the first drop in producer prices since a 0.6 percent decline in March last year, as cost decreased for food manufacturing (-5.2% vs -5% in August), petroleum (-11.5% vs -6.8%), electrical machinery (-5.1% vs -3.5%), chemicals (-7.8% vs -6.7%), basic metals (-8.2% vs -7.7%), transport equipment (-3% vs -0.4%), machinery except electrical (-4.7% vs -2.3%), and fabricated metal products (-10.5% vs -7.3%). In constrast, prices rose for furniture & fixtures (61.3% vs 64.9%), non-metallic mineral products (3.7% vs 3.4%), tobacco products (4% vs 4.1%), rubber & plastic products (3.6% vs 3.9%), and miscellaneous manufactures (1.4% vs 4.5%). On a monthly basis, producer prices dropped 0.8 percent in September, after a 1 percent rise in August.

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.

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.

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.