The retail price index in the Philippines increased by 1.3 percent year-on-year in November 2020, after a 1.2 percent gain in the previous month. This was the fastest rise in retail prices since August, amid a further rise in prices of food (2.6 percent vs 2.5 percent in October), beverages and tobacco (5.9 percent vs 5.1 percent), crude materials (1.9 percent vs 1.9 percent), chemicals (0.2 percent vs 0.4 percent), manufactured goods (1.3 percent vs 1.1 percent), and miscellaneous manufactures articles (0.6 percent vs 0.6 percent). In addition, sales of mineral fuels, lubricants, and related materials fell by 7.9 percent, the least in three months, after a 8.7 percent drop in October. Meantime, prices of machinery and transport equipment was flat after rising 0.1 percent in October. source: National Statistics Office of Philippines

Retail Sales Yoy in Philippines averaged 7.19 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 January of 2021.

Retail Sales Yoy in Philippines is expected to be 1.00 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 3.60 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Philippines Retail Price Index YoY

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


Calendar GMT Actual Previous Consensus TEForecast
2020-11-23 01:50 AM Aug 1.4% 1.5% 1.2%
2020-11-27 03:00 AM Sep 1.2% 1.4% 1.5%
2020-12-03 04:00 AM Oct 1.2% 1.2% 1.3%
2021-01-04 01:30 AM Nov 1.3% 1.2% 1.1%
2021-02-18 01:00 AM Dec 1.3% 1.0%
2021-03-18 01:00 AM Jan
2021-04-13 03:00 AM Feb
2021-05-01 01:45 AM Mar


News Stream
Philippines Retail Prices Rise the Most in 3 Months
The retail price index in the Philippines increased by 1.3 percent year-on-year in November 2020, after a 1.2 percent gain in the previous month. This was the fastest rise in retail prices since August, amid a further rise in prices of food (2.6 percent vs 2.5 percent in October), beverages and tobacco (5.9 percent vs 5.1 percent), crude materials (1.9 percent vs 1.9 percent), chemicals (0.2 percent vs 0.4 percent), manufactured goods (1.3 percent vs 1.1 percent), and miscellaneous manufactures articles (0.6 percent vs 0.6 percent). In addition, sales of mineral fuels, lubricants, and related materials fell by 7.9 percent, the least in three months, after a 8.7 percent drop in October. Meantime, prices of machinery and transport equipment was flat after rising 0.1 percent in October.
2021-01-04
Philippines Retail Prices Rise 1.2% YoY in October
The retail price index in the Philippines increased by 1.2 percent year-on-year in October 2020, the same as in the previous month. There were rises in sales of food (2.5 percent vs 2.6 percent in September), beverages and tobacco (5.1 percent vs 5.5 percent), crude materials (1.9 percent vs 1.8 percent), chemicals (0.4 percent vs 0.3 percent), manufactured goods (1.1 percent vs 1.1 percent), machinery and transport equipment (0.1 percent vs 0.1 percent), and miscellaneous manufactures articles (0.6 percent vs 0.5 percent). In contrast, sales of mineral fuels, lubricants, and related materials fell by 8.7 percent, the most in five months, after a 8.4 percent drop in September.
2020-12-03
Philippines Retail Price Inflation Slows
The retail price index in the Philippines increased by 1.2 percent year-on-year in September 2020, following a 1.4 percent rise in the previous month. The annual change of the index of mineral fuels, lubricants and related materials went down further by 8.4 percent, while annual increases decelerated in the indices of food (2.6 percent), beverages and tobacco (5.5 percent), manufactured goods classified chiefly by materials (1.1 percent) and miscellaneous manufactured articles (0.5 percent).
2020-11-27
Philippines Retail Prices Rise at Softer Pace
The retail price index in the Philippines increased by 1.4 percent year-on-year in August 2020, following an upwardly revised 1.5 percent rise in the previous month. Prices went up further for most commodities: food (2.7 percent vs 2.7 percent in July), beverages and tobacco (5.9 percent vs 6.1 percent), crude materials (1.8 percent vs 1.8 percent), chemicals (0.3 percent vs 0.2 percent), manufactured goods (1.5 percent vs 1.4 percent), and miscellaneous manufactured articles (0.7 percent vs 0.9 percent). Meanwhile, cost of machinery and transport equipment prices were flat, after a 0.1 percent gain in July. At the same time, prices of mineral fuels, lubricants, and related materials fell less (-5.9 percent vs -6.3 percent).
2020-11-23

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.