The retail price index in the Philippines increased by 1.1 percent year-on-year in December 2020, slowing from a 1.3 percent gain in the previous month and pointing to the softest rise since May. There were rises in cost of food (2.0 percent vs 2.6 percent in December), beverages and tobacco (6.1 percent vs 5.9 percent), crude materials (1.7 percent vs 1.9 percent), chemicals (0.1 percent vs 0.2 percent), manufactured goods (1.1 percent vs 1.3 percent), and miscellaneous manufactures articles (0.4 percent vs 0.6 percent). Meantime, prices of machinery and transport equipment were flat for the second month in a row, while cost of mineral fuels, lubricants, and related materials dropped for the tenth straight month (-6.3 percent vs -7.9 percent). source: National Statistics Office of Philippines
Retail Sales Yoy in Philippines averaged 7.18 percent from 1980 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Retail Sales Yoy 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. Looking forward, we estimate Retail Sales Yoy in Philippines to stand at 3.60 in 12 months time. In the long-term, the Philippines Retail Price Index YoY is projected to trend around 3.60 percent in 2022 and 4.00 percent in 2023, according to our econometric models.