Philippines Producer Inflation Edges Down to 3% in June

2026-07-30 01:16 By Judith Sib-at 1 min. read

Producer prices for manufacturing in the Philippines increased by 3.0% year-on-year in June 2026, easing slightly from an upwardly revised 3.1% rise in May, which marked the highest level since February 2023.

The slowdown was mainly due to softer price growth for coke and refined petroleum products (2.4% vs 3.0% in May), which contributed 33.9% to the deceleration in the overall growth rate, followed by computer, electronic and optical products (5.6% vs 5.9%) and basic metals (5.5% vs 5.9%).

Meanwhile, producer inflation for food products picked up (1.7% vs 1.5%), led by faster price growth for grain mill products, starches and starch products (2.5% vs 0.7%), more than offsetting slower increases in the processing and preserving of fish, crustaceans and mollusks (3.8% vs 5.1%) and a steeper fall in vegetable and animal oils and fats (-5.2% vs -4.5%).

Monthly, the PPI edged up 0.2%, following an upwardly revised 0.3% rise in May.

For the first half of 2026, producer prices rose by 2.3%



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Philippines Producer Inflation Edges Down to 3% in June
Producer prices for manufacturing in the Philippines increased by 3.0% year-on-year in June 2026, easing slightly from an upwardly revised 3.1% rise in May, which marked the highest level since February 2023. The slowdown was mainly due to softer price growth for coke and refined petroleum products (2.4% vs 3.0% in May), which contributed 33.9% to the deceleration in the overall growth rate, followed by computer, electronic and optical products (5.6% vs 5.9%) and basic metals (5.5% vs 5.9%). Meanwhile, producer inflation for food products picked up (1.7% vs 1.5%), led by faster price growth for grain mill products, starches and starch products (2.5% vs 0.7%), more than offsetting slower increases in the processing and preserving of fish, crustaceans and mollusks (3.8% vs 5.1%) and a steeper fall in vegetable and animal oils and fats (-5.2% vs -4.5%). Monthly, the PPI edged up 0.2%, following an upwardly revised 0.3% rise in May. For the first half of 2026, producer prices rose by 2.3%
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Producer prices in the Philippines rose by 2.9% year-on-year in May 2026, accelerating from an upwardly revised 2.6% in the previous month. It marked the highest reading since March 2023, driven primarily by a faster increase in prices for the manufacture of computer, electronic, and optical products (5.9% vs 4.4% in April), which accounted for 50.8% of the overall annual growth in producer prices. Other major contributors included the manufacture of basic metals (5.4% vs 3.8%) and chemicals and chemical products (3.9% vs 3.2%). Meanwhile, price growth for the manufacture of food products eased (1.3% vs 1.5%), largely reflecting a steeper decline in vegetable and animal oils and fats (-4.9% vs -3.5%). On a monthly basis, producer prices rose 0.2% in May, following a revised flat reading in April. For the January–May period, the producer prices averaged a 2.1% increase compared with the same period a year earlier.
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Producer prices in the Philippines rose by 2.4% year-on-year in April 2026, easing slightly from an upwardly revised 2.6% increase in March, which had marked the highest reading in three years. The moderation was mainly due to slower price growth for coke and refined petroleum products (5.3% vs 8.2% in March), which accounted for 62.7% of the annual increase in the manufacturing PPI during the month. Price growth also softened for computer, electronic, and optical products (4.3% vs 4.9%) and basic metals (3.8% vs 4.9%). Meanwhile, inflation picked up for food (1.4% vs 1.2%), led by the processing and preserving of fish, crustaceans, and mollusks industry, which recorded a 1.8% rise after falling 2.3% in the prior month. Other notable price increases were observed in transport equipment (1.9% vs 1.0%), chemicals and chemical products (1.8% vs 0.8%), and other non-metallic mineral products (2.0% vs 0.9%). Monthly, the PPI edged down by 0.1%, after an upwardly revised 1.2% rise in March.
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