The producer prices in the Philippines declined by 3.9 percent year-on-year in June 2020, after a revised 3.7 percent drop the previous month. This was the sixth straight month of decline in producer prices, amid ongoing coronavirus outbreak. On a monthly basis, producer prices fell 0.3 percent in June, compared to a 0.5 percent fall in May.

Producer Prices Change in Philippines averaged 2.49 percent from 1999 until 2020, 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 August of 2020. source: National Statistics Office of Philippines

Producer Prices Change in Philippines is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Philippines to stand at 2.50 in 12 months time. In the long-term, the Philippines Producer Prices Change is projected to trend around 3.30 percent in 2021, according to our econometric models.

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Philippines Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-3.90 -3.70 17.50 -10.00 1999 - 2020 percent Monthly
2000=100; NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-30 02:00 AM Mar -5.4% -4.8% -4.8%
2020-05-29 01:00 AM Apr -3.9% -5.1% -4.1%
2020-06-30 02:00 AM May -3.1% -3.3% -3.8%
2020-07-30 01:00 AM Jun -3.9% -3.7% -3.4%
2020-09-02 01:00 AM Jul -3.9%
2020-09-30 01:00 AM Aug
2020-10-30 01:00 AM Sep 2%
2020-12-02 01:00 AM Oct


News Stream
Philippines Producer Prices Fall for First Time in 1-1/2 Years
The producer prices in the Philippines declined by 0.1 percent year-on-year in September 2019, swinging from a downwardly revised 1.5 percent gain in the prior month. This was the first drop in producer prices since a 0.6 percent decline in March last year, as cost decreased for food manufacturing (-5.2% vs -5% in August), petroleum (-11.5% vs -6.8%), electrical machinery (-5.1% vs -3.5%), chemicals (-7.8% vs -6.7%), basic metals (-8.2% vs -7.7%), transport equipment (-3% vs -0.4%), machinery except electrical (-4.7% vs -2.3%), and fabricated metal products (-10.5% vs -7.3%). In constrast, prices rose for furniture & fixtures (61.3% vs 64.9%), non-metallic mineral products (3.7% vs 3.4%), tobacco products (4% vs 4.1%), rubber & plastic products (3.6% vs 3.9%), and miscellaneous manufactures (1.4% vs 4.5%). On a monthly basis, producer prices dropped 0.8 percent in September, after a 1 percent rise in August.
2019-10-30
Philippines Producer Prices Rise the Most in 4 Months
The producer price inflation in the Philippines rose to 1.6 percent year-on-year in August 2019, the highest since April, from a downwardly revised 0.7 percent gain in the prior month. Prices rose faster for furniture & fixtures (64.9% vs 64% in July), beverages (3.4% vs 2.9%), rubber & plastics (4% vs 3.9%), while cost rebounded for both miscellaneous manufactures (4.5% vs -8.8%) and transport equipment (0.4% vs -2.6%). At the same time, prices fell less for petroleum products (-6.7% vs -6.9%), electrical machinery (-3.3% vs -4.1%), fabricated metals (-8% vs -8.7%), and machinery except electrical (-2.3% vs -5.4%). On the other hand, inflation slowed for non-metallic mineral products (3.5% vs 8.1%), with cost declining for food manufacturing (-4.6% vs -4.3%), basic metals (-8.3% vs -7%), and leather products (-12.1% vs -7.8%). On a monthly basis, producer prices rose 1 percent, after a 0.8 percent fall in July.
2019-10-01
Philippines Producer Inflation Slows to 1.1% in July
The producer price inflation in the Philippines fell to 1.1 percent year-on-year in July 2019 from an upwardly revised 1.4 percent gain in the prior month. Prices eased for rubber & plastics (4.2% vs 5.2% in June) and beverages (2.9% vs 3.3%). Also, cost fell further for chemicals (-5.5% vs -4.9%); basic metals (-7.9% vs -6.4%); petroleum products (-2.9% vs -1.9%); electrical machinery (-5.1% vs -0.9%); fabricated metal products (-9.6% vs -8.4%); miscellaneous manufactures (-8.8% vs -7.3%); paper (-2.4% vs -1%) and textiles (-2.4% vs -1.6%). In contrast, prices rose at faster pace for both non-metallic mineral products (8% vs 7.6%) and furniture & fixture (64% vs 60.6%). Additionally, cost dropped less for transport equipment (-2.3% vs -2.5%); machinery except electrical (-1.9% vs -3.5%); footwear (-7.8% vs -9.9%); leather products (-12.5% vs -22.4%); and wood & wood products (-5.9% vs -7.1%). On a monthly basis, producer prices went down 0.4 percent, after a 0.2 percent fall in June.
2019-08-30

Philippines Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.