The retail price index in the Philippines increased by 2.7 percent year-on-year in March 2022, following a 2.2 percent gain in the previous month. It was the highest retail inflation since last April 2019, as cost accelerating for food (2.5 percent vs 2.1 percent in February), mineral fuels, lubricants and related materials (26.4 percent vs 20.5 percent), manufactured goods (2.0 percent vs 1.4 percent), miscellaneous manufactures articles (0.7 percent vs 0.5 percent), chemicals (1.7% vs 1.3 percent) and beverages and tobacco (2.9 percent vs 2.8 percent). At the meantime, prices of machinery and transport equipment continued to rise (0.5% vs 0.6 percent) while those of crude materials were unchanged, after falling 0.3 percent in February. source: Philippine Statistics Authority
Retail Price Index in Philippines averaged 7.02 percent from 1980 until 2022, 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 includes a chart with historical data for Philippines Retail Price Index YoY. Philippines Retail Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.