The retail price index in the Philippines increased by 1.2 percent year-on-year in July 2020, following a 1.3 percent rise in the previous month. Prices went up further for most commodities: food (2.6 percent vs 2.6 percent in June), beverages and tobacco (4.1 percent vs 3.8 percent), crude materials (1.9 percent vs 2 percent), chemicals (0.2 percent vs 0.4 percent), manufactured goods (1.4 percent vs 1.4 percent), and miscellaneous manufactured articles (0.9 percent vs 0.9 percent). Meanwhile, cost of machinery and transport equipment prices were flat, after a 0.2 percent gain in June. At the same time, prices of mineral fuels, lubricants, and related materials fell faster (-9.3 percent vs -8.6 percent).

Retail Sales Yoy in Philippines averaged 7.24 percent from 1980 until 2020, reaching an all time high of 79.50 percent in September of 1984 and a record low of -3.13 percent in November of 1999. This page provides the latest reported value for - Philippines Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Retail Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: National Statistics Office of Philippines

Retail Sales Yoy in Philippines is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales Yoy in Philippines to stand at 5.50 in 12 months time. In the long-term, the Philippines Retail Price Index YoY is projected to trend around 3.60 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Philippines Retail Price Index YoY

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.30 79.50 -3.13 1980 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-23 01:15 AM Apr 0.7% 1.1% 0.8%
2020-07-21 02:40 AM May 0.6% 0.7% 0.8%
2020-08-20 02:30 AM Jun 1.3% 0.6% 1.5%
2020-09-21 03:00 AM Jul 1.2% 1.3% 1.1%
2020-10-30 02:00 AM Aug 1.2% 1.2%
2020-11-02 02:00 AM Sep 1.5%
2020-12-02 02:00 AM Oct
2020-12-26 02:00 AM Nov


News Stream
Philippines Retail Prices Rise Further in July
The retail price index in the Philippines increased by 1.2 percent year-on-year in July 2020, following a 1.3 percent rise in the previous month. Prices went up further for most commodities: food (2.6 percent vs 2.6 percent in June), beverages and tobacco (4.1 percent vs 3.8 percent), crude materials (1.9 percent vs 2 percent), chemicals (0.2 percent vs 0.4 percent), manufactured goods (1.4 percent vs 1.4 percent), and miscellaneous manufactured articles (0.9 percent vs 0.9 percent). Meanwhile, cost of machinery and transport equipment prices were flat, after a 0.2 percent gain in June. At the same time, prices of mineral fuels, lubricants, and related materials fell faster (-9.3 percent vs -8.6 percent).
2020-09-21
Philippines Retail Prices Rise the Most in 4 Months
The retail price index in the Philippines increased by 1.3 percent year-on-year in June 2020, the most since February, following a 0.6 percent rise in the previous month. Prices went up faster for food (2.6% vs 1.9% in May); beverages and tobacco (3.8% vs 3.6%), crude materials (2.0% vs 1.8%). Also, machinery and transport equipment prices rose by 0.2 percent in June, after a flat reading in May. In addition, prices of mineral fuels, lubricants and related materials fell less (-8.6% vs -18.5%). Meantime, retail prices inflation was steady for miscellaneous manufactured articles (at 0.9%). On the other hand, prices continued to increase for chemicals (0.4% vs 1.2%).
2020-08-20
Philippines Retail Price Inflation Eases to Over 4-Year Low
The retail price index in the Philippines increased by 0.6 percent year-on-year in May 2020, the least since February 2016, after a 0.7 percent gain in the previous month.Prices went up softer for both miscellaneous manufactured articles (0.9% vs 1.0% in April) and food (1.9% vs 2.2%). Retail prices inflation was steady for: beverages and tobacco (at 3.6%), crude materials (at 1.8%), and manufactured goods (at 1.4%). Meantime, machinery and transport equipment prices were flat (the same as in April). On the other hand, prices continued to increase for chemicals (1.2% vs 1.0%).
2020-07-21
Philippines Retail Prices Rise the Least in 6 Months
The retail price index in the Philippines increased by 0.7 percent year-on-year in April 2020, the least since last October, after a 1.1 percent gain in the previous month.Prices went up softer for miscellaneous manufactured articles (1.0% vs 1.1% in March) while machinery and transport equipment prices were flat (vs 0.2 percent). Meantime, prices continued to rise for food (2.2% vs 1.9%), beverages and tobacco (3.6% vs 3.6%), crude materials (1.8% vs 1.3%), chemicals (1.0% vs 0.5%), and manufactured goods (1.4% vs 1.4%).
2020-06-23

Philippines Retail Price Index YoY
In Philippines, the year-over-year change in the General Retail Price Index (GRPI) in the National Capital Region (NCR) compares the changes in prices retailers charge to consumers during a certain month.