The producer prices in the Philippines declined by 1.8 percent year-on-year in August 2021, after a revised 1.7 percent drop in the previous month. This was the 11th straight month of fall in producer prices, amid the ongoing COVID-19 outbreak. On a monthly basis, producer prices increased by 0.1 percent in August, slowing from a 0.4 percent growth in July. source: National Statistics Office of Philippines
Producer Prices Change in Philippines averaged 2.15 percent from 1999 until 2021, reaching an all time high of 17.50 percent in January of 2001 and a record low of -10 percent in March of 2013. This page provides the latest reported value for - Philippines Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Producer Prices Change 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. In the long-term, the Philippines Producer Prices Change is projected to trend around 1.50 percent in 2022, according to our econometric models.