The retail price index in the Philippines increased by 2.7 percent year-on-year in December of 2018, slowing from a 3.8 percent rise in the previous month and reaching the weakest reading since December 2017. Cost rose at a softer pace for: food (2.5 pct vs 4.5 pct in November); beverages and tobacco (11.6 pct vs 12.0 pct); mineral fuels, lubricants and related materials (5.1 pct vs 13.8 pct); and manufactured goods classified chiefly by materials (1.9 pct vs 2.1 pct). Meanwhile, prices advanced faster for: crude materials, inedible except duels (6 pct vs 3 pct); chemicals, including animal and vegetable oils and fats (1.4 pct vs 1.3 pct); and machinery and transport equipment (2 pct vs 1.7 pct). At the same time, cost of miscellaneous manufactured articles went up 1.4 percent, the same as in November. On a monthly basis, the retail price index declined by 0.5 percent, after a 0.2 percent drop in November. Retail Sales Yoy in Philippines averaged 7.48 percent from 1980 until 2018, 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.

Retail Sales Yoy in Philippines is expected to be 4.20 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 3.20 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.

Philippines Retail Price Index YoY
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-11-12 06:40 AM Retail Price Index YoY 4.3% 4.1% 4%
2018-12-06 02:00 AM Retail Price Index YoY 4.0% 4.3% 4.6%
2019-01-11 12:30 AM Retail Price Index YoY 3.8% 4.0%
2019-02-01 02:00 AM Retail Price Index YoY 2.7% 3.8% 4.7%
2019-03-05 01:00 AM Retail Price Index YoY 2.7%
2019-04-04 03:00 AM Retail Price Index YoY
2019-05-01 12:15 AM Retail Price Index YoY 4.2%


Philippines Consumer Last Previous Highest Lowest Unit
Consumer Confidence -22.50 -7.10 13.10 -52.80 Index Points [+]
Retail Sales Yoy 2.70 3.80 79.50 -3.13 percent [+]
Consumer Spending 1791823.92 1479834.36 1791823.92 305524.42 PHP Million [+]
Personal Savings 4665755.56 4620854.67 4689905.96 1124351.04 Million PHP [+]
Bank Lending Rate 7.02 6.64 39.73 5.09 percent [+]
Retail Sales Mom -0.50 -0.20 14.43 -2.51 percent [+]
Gasoline Prices 0.90 0.90 1.29 0.34 USD/Liter [+]
Consumer Credit 329.44 318.96 329.44 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 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 3.80 79.50 -3.13 1980 - 2018 percent Monthly




Country Last Previous
Argentina 20.60 Nov/18
Australia 3.20 Dec/18
Brazil 0.60 Dec/18
Canada 0.50 Nov/18
China 8.20 Dec/18
Euro Area 0.80 Dec/18
France 3.80 Dec/18
Germany -2.10 Dec/18
Indonesia 7.70 Dec/18
Italy -0.60 Dec/18
Japan 1.30 Dec/18
Mexico 3.40 Nov/18
Netherlands 2.30 Dec/18
Russia 1.60 Jan/19
Singapore -6.00 Dec/18
South Africa -1.40 Dec/18
South Korea 3.00 Dec/18
Spain 0.80 Dec/18
Switzerland -0.30 Dec/18
Turkey -9.20 Dec/18
United Kingdom 4.20 Jan/19
United States 2.30 Dec/18


Related

Latest