The retail price index in the Philippines increased by 1.6 percent year-on-year in May 2019, the same pace as in the previous month. Retail prices were unchanged for chemicals (at 1 percent), manufactured goods (at 1.5 percent), and machinery and transport equipment (at 1 percent). Meantime, prices of both food (2.3 percent vs 1.7 percent in April), and crude materials (4.2 percent vs 4 percent) increased further, while cost eased for beverages and tobacco (3 percent vs 3.1 percent), mineral fuels, lubricants and related materials (0.8 percent vs 5.1 percent), and miscellaneous manufactures articles (0.8 percent vs 0.9 percent). On a monthly basis, the retail price index went up by 0.2 percent in May, unchanged from the previous month. Retail Sales Yoy in Philippines averaged 7.42 percent from 1980 until 2019, 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.

Retail Sales Yoy in Philippines is expected to be 1.20 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 2.60 in 12 months time. In the long-term, the Philippines Retail Price Index YoY is projected to trend around 4.00 percent in 2020, according to our econometric models.

Philippines Retail Price Index YoY
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 01:00 AM Retail Price Index YoY Feb 1.4% 2%
2019-05-02 03:00 AM Retail Price Index YoY Mar 1.3% 1.4% 1.1%
2019-05-30 01:00 AM Retail Price Index YoY Apr 1.6% 1.3% 1.1%
2019-07-02 01:00 AM Retail Price Index YoY May 1.6% 1.6% 1.2%
2019-07-30 01:00 AM Retail Price Index YoY Jun 1.6% 0.9%
2019-09-02 01:00 AM Retail Price Index YoY Jul
2019-10-01 01:00 AM Retail Price Index YoY Aug


Philippines Consumer Last Previous Highest Lowest Unit
Consumer Confidence -1.30 -0.50 13.10 -52.80 Index Points [+]
Retail Sales Yoy 1.60 1.60 79.50 -3.13 percent [+]
Consumer Spending 1568669.77 1789083.47 1789083.47 305524.42 PHP Million [+]
Personal Savings 4583354.62 4572967.00 4689905.96 1124351.04 Million PHP [+]
Bank Lending Rate 7.48 7.20 39.73 5.09 percent [+]
Retail Sales Mom 0.20 0.20 14.43 -2.51 percent [+]
Gasoline Prices 0.98 1.03 1.29 0.34 USD/Liter [+]
Consumer Credit 373.30 359.10 373.30 76.00 PHP Billion [+]
Consumer Confidence Current Conditions 13.90 26.60 26.60 -81.20 [+]
Consumer Confidence Economic Expectations 40.40 39.30 67.70 -48.90 [+]
Consumer Confidence Unemployment Expectations 1.90 -4.20 76.10 -27.80 [+]


Philippines Retail Price Index YoY

In Philippines, the year-over-year change in the General Retail Price Index (GRPI) in the National Capital Region (NCR) compares the changes in prices retailers charge to consumers during a certain month. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.60 79.50 -3.13 1980 - 2019 percent Monthly




Country Last Previous
Argentina 21.20 Apr/19
Australia 2.70 May/19
Brazil 1.00 May/19
Canada 1.00 May/19
China 9.80 Jun/19
Euro Area 1.30 May/19
France 3.00 May/19
Germany 4.00 May/19
Indonesia 7.70 May/19
Italy -1.80 May/19
Japan 1.20 May/19
Mexico 1.60 Apr/19
Netherlands 3.10 May/19
Russia 1.40 Jun/19
Singapore -2.10 May/19
South Africa 2.20 May/19
South Korea 3.40 May/19
Spain 2.40 May/19
Switzerland -1.70 May/19
Turkey -3.70 May/19
United Kingdom 3.80 Jun/19
United States 3.40 Jun/19


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