Philippines Producer Inflation Hits Fresh 2023 High

2026-03-27 01:34 By Jereli Escobar 1 min. read

Producer prices in the Philippines rose by 1.4% year-on-year in February 2026, up from a downwardly revised 1.3% in January, marking the highest level since May 2023.

Costs increased in the manufacture of computer, electronic and optical products (2.9% vs 2.7%), which accounted for 26.6% of the annual growth in manufacturing PPI.

Prices also picked up in beverages (1.7% vs 1.1%), basic metals (2.6% vs 2.3%), coke and refined petroleum products (3.6% vs 3.4%), fabricated metal products except machinery and equipment (2% vs 1.7%), and furniture (1.7% vs 0.9%).

Meanwhile, inflation increased at a slower pace in food products (1.2% vs 1.4%), weighed down by the vegetable and animal oils and fats group, which posted 6.8% growth from 7.6% in January.

Costs also moderated in transport equipment (1.2% vs 1.5%), while deflation persisted in rubber and plastic products (-1.4% vs -0.8%).

On a monthly basis, producer prices fell 0.1% in February, reversing from 0.2% growth in the previous month.



News Stream
Philippines Producer Inflation Hits Fresh 2023 High
Producer prices in the Philippines rose by 1.4% year-on-year in February 2026, up from a downwardly revised 1.3% in January, marking the highest level since May 2023. Costs increased in the manufacture of computer, electronic and optical products (2.9% vs 2.7%), which accounted for 26.6% of the annual growth in manufacturing PPI. Prices also picked up in beverages (1.7% vs 1.1%), basic metals (2.6% vs 2.3%), coke and refined petroleum products (3.6% vs 3.4%), fabricated metal products except machinery and equipment (2% vs 1.7%), and furniture (1.7% vs 0.9%). Meanwhile, inflation increased at a slower pace in food products (1.2% vs 1.4%), weighed down by the vegetable and animal oils and fats group, which posted 6.8% growth from 7.6% in January. Costs also moderated in transport equipment (1.2% vs 1.5%), while deflation persisted in rubber and plastic products (-1.4% vs -0.8%). On a monthly basis, producer prices fell 0.1% in February, reversing from 0.2% growth in the previous month.
2026-03-27
Philippines Producer Inflation at Highest Since 2023
Producer prices in the Philippines rose by 1.5% year-on-year in January 2026, accelerating from a downwardly revised 0.8% in the previous month and marking the highest reading since May 2023. Costs rebounded for food products (1.3% vs -0.1% in December), contributing 38.5% to the faster annual growth in manufacturing PPI. Prices also rose at a faster pace for computer, electronic and optical products (2.6% vs 0.8%), machinery and equipment except electrical (2.2% vs -0.4%), and wood, bamboo, cane, rattan articles and related products (1% vs -0.4%). Meanwhile, inflation eased for coke and refined petroleum products (3.4% vs 4.3%) and tobacco products (1.9% vs 3.5%), while prices declined for electrical equipment (-1.5% vs 0.2%) and wearing apparel (-0.5% vs 1.1%). On a monthly basis, producer prices rose by 0.5%, following a downwardly revised 0.1% increase in December.
2026-02-27
Philippines Producer Inflation Hits 10-Month High
Producer prices in the Philippines rose by 0.9% year-on-year in December 2025 from a 0.1% increase in the previous month. This marked the highest reading since February, largely driven by a rebound in prices for the manufacture of computer, electronic, and optical products (1.4% vs -0.6% in November), which contributed 46.1% to annual manufacturing PPI growth. Costs also rebounded for transport equipment (1.1% vs -0.2%) and for other manufacturing and repair and installation of machinery and equipment (0.5% vs -0.7%). At the same time, inflation picked up for basic metals (3.1% vs 0.8%) and coke and refined petroleum products (4.3% vs 3.4%), while deflation eased for beverages (-0.6% vs -0.7%), paper and paper products (-1.6% vs -1.7%), and basic pharmaceutical products and pharmaceutical preparations (-0.2% vs -1.7%). Meanwhile, prices declined for food products (-0.1% vs 0.1%). On a monthly basis, producer inflation was unchanged at 0.2% in December.
2026-01-30