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.


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Philippines Retail Price Index YoY

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.70 79.50 -3.13 1980 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-31 02:00 AM Aug 0.8% 0.7% 0.8%
2020-01-21 02:50 AM Sep 0.9% 0.8% 0.6%
2020-01-21 02:50 AM Oct 0.7% 0.9% 1.1%
2020-01-21 02:50 AM Nov 1.0% 0.7% 0.9%
2020-02-03 02:00 AM Dec 1.0% 1.5%


News Stream
2020-01-21
Philippines October Retail Prices Rise the Least in Over 3-1/2 Year
The retail price index in the Philippines rose by 0.7 percent year-on-year in October 2019, following a 0.9 percent gain in the previous month. This was the lowest retail price inflation since February 2016, as prices rose softer for miscellaneous manufactured articles (0.9 percent vs 1.1 percent in September), crude materials (2.8 percent vs 3.5 percent). In addition, prices fell more for prices of mineral fuels, lubricants and related materials (-7.5 percent vs -5.5 percent). Meantime, inflation was steady for food (at 1.1 percent), machinery and transport equipment (at 0.5 percent), and manufactured goods (at 1.4 percent). On the other hand, chemicals prices went up faster (1.0 percent vs 0.9 percent). On a monthly basis, the retail price index increased by 0.1 percent in October, after increasing by 0.3 percent in September.

2020-01-21
Philippines Retail Prices Rise the Most in 3 Months
The retail price index in the Philippines rose by 0.9 percent year-on-year in September, the most since June, following a 0.8 percent gain in the previous month. Prices increased further for food (1.1% vs 1.2% in August), beverages and tobacco (2.7% vs 2.2%), crude minerals, inedible except fuels (3.5% vs 4.1%), chemicals, including animal and vegetable oils and fats (0.9% vs 0.7%), manufactured goods (1.4% vs 0.8%), machinery and transport equipment (0.5%, the same as in August), and miscellaneous manufactures articles (1.1% vs 0.9%). In contrast, prices of mineral fuels, lubricants and related material fell faster (-5.5% vs -4%). On a monthly basis, the retail price index increased by 0.3 percent in September, after a 0.1 percent rise in August.

2019-10-31
Philippines Retail Inflation Rises to 0.8% in August
The retail price index in the Philippines rose by 0.8 percent year-on-year in August 2019, following an upwardly revised 0.7 percent gain in the previous month. There was a faster rise in retail prices of chemicals (0.9 percent vs 0.8 percent in July), food (1.2 percent vs 1.1 percent), and machinery and transport equipment (0.4 percent vs 0.3 percent). On the other hand, inflation was steady for miscellaneous manufactured articles (at 0.6 percent), crude materials (at 4.1 percent), and manufactured goods (at 0.8 percent). Meanwhile, prices of mineral fuels, lubricants and related materials fell further (-4.0 percent vs -2.8 percent). On a monthly basis, the retail price index increased by 0.1 percent in July, unchanged from a downwardly revised figure in July.

2019-09-02
Philippines Retail Prices Rise 0.6% YoY in July
The retail price index in the Philippines rose by 0.6 percent year-on-year in July 2019, following a 0.4 percent gain in the previous month. There was a faster rise in retail prices of chemicals (0.9 percent vs 0.7 percent in July), while cost of food surged (0.7 percent vs 0.1 percent). In addition, prices of mineral fuels, lubricants and related materials fell less (-3.5 percent vs -3.8 percent). On the other hand , inflation was unchanged for miscellaneous manufactured articles (at 0.5 percent), while prices slowed for crude materials (3.8 percent vs 4.1 percent), manufactured goods (0.7 percent vs 0.8 percent), and machinery and transport equipment (0.5 percent vs 0.7 percent). On a monthly basis, the retail price index increased by 0.2 percent in July, shifting from a 0.8 percent fall in June.

2019-08-21
Philippines Retail Price Inflation Eases to Near 4-Year Low
The retail price index in the Philippines rose by 0.4 percent year-on-year in June 2019, the least since September 2015, following a 1.6 percent gain in the previous month. Prices slowed for food (0.1 percent vs 2.3 percent in May), crude materials (4.1 percent vs 4.2 percent), chemicals (0.7 percent vs 1 percent), manufactured goods (0.8 percent vs 1.5 percent), machinery and transport equipment (0.7 percent vs 1 percent), and miscellaneous manufactured articles (0.5 percent vs 0.8 percent). In addition, cost of mineral fuels, lubricants and related materials fell 3.8 percent, after increasing 0.8 percent in May. On a monthly basis, the retail price index dropped by 0.8 percent, the first monthly fall since February, following a 0.2 percent increase in May.

2019-07-02
Philippines Retail Prices Rise 1.6% YoY in May
The retail price index in the Philippines increased by 1.6 percent year-on-year in May 2019, the same pace as in the previous month. Retail prices were unchanged for chemicals (at 1 percent), manufactured goods (at 1.5 percent), and machinery and transport equipment (at 1 percent). Meantime, prices of both food (2.3 percent vs 1.7 percent in April), and crude materials (4.2 percent vs 4 percent) increased further, while cost eased for beverages and tobacco (3 percent vs 3.1 percent), mineral fuels, lubricants and related materials (0.8 percent vs 5.1 percent), and miscellaneous manufactures articles (0.8 percent vs 0.9 percent). On a monthly basis, the retail price index went up by 0.2 percent in May, unchanged from the previous month.


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.

Philippines Consumer Last Previous Highest Lowest Unit
Consumer Confidence 1.30 4.60 13.10 -52.80 points [+]
Retail Sales Yoy 1.00 0.70 79.50 -3.13 percent [+]
Consumer Spending 1888717.55 1569559.18 1888717.55 305524.42 PHP Million [+]
Personal Savings 4778829.97 4683570.21 4778829.97 1124351.04 Million PHP [+]
Bank Lending Rate 6.77 7.11 39.73 5.09 percent [+]
Retail Sales Mom 0.20 0.20 14.43 -2.51 percent [+]
Gasoline Prices 1.00 1.02 1.29 0.34 USD/Liter [+]
Consumer Credit 414.76 396.23 414.76 76.00 PHP Billion [+]
Consumer Confidence Current Conditions 13.90 26.60 26.60 -81.20 [+]
Consumer Confidence Economic Expectations 40.40 39.30 67.70 -48.90 [+]
Consumer Confidence Unemployment Expectations 1.90 -4.20 76.10 -27.80 [+]