The retail price index in the Philippines rose by 1.1 percent year-on-year in November 2019, following a 0.7 percent gain in the previous month. This was the highest retail price inflation since June, as prices increased faster for crude materials (2.9 percent vs 2.8 percent in October), food (1.4 percent vs 1.1 percent), machinery and transport equipment (0.6 percent vs 0.5 percent). In addition, prices of mineral fuels, lubricants and related materials dropped less (-3.6 percent vs -7.5 percent). Meanwhile, prices went up softer for: miscellaneous manufactured articles (0.8 percent vs 0.9 percent), manufactured goods (1.0 percent vs 1.4 percent), and chemicals (0.9 percent vs 1.0 percent). On a monthly basis, the retail price index rose by 0.2 percent in November, after an upwardly revised 0.2 percent gain in October.
Retail Sales Yoy in Philippines averaged 7.34 percent from 1980 until 2019, 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. 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 3.60 in 12 months time. In the long-term, the Philippines Retail Price Index YoY is projected to trend around 4.00 percent in 2020, according to our econometric models.