The retail price index in the Philippines increased by 1.4 percent year-on-year in February 2019, the least since March 2016, following a 2 percent rise in the previous month. Cost rose at a softer rate for most commodity groups: food (1.1 percent vs 2.1 percent in January); beverages and tobacco (4.8 percent vs 6.6 percent); crude materials (4.9 percent vs 5.4 percent); chemicals (1.1 percent vs 1.2 percent); manufactured goods (1.8 percent vs 1.9 percent); machinery and transport equipment (1.3 percent vs 1.6 percent); and miscellaneous manufactured articles (1 percent vs 1.2 percent). In contrast, prices of mineral fuels, lubricants and related material rebounded firmly (0.7 percent vs -0.6 percent). On a monthly basis, the retail price index fell 0.1 percent in February, after a 0.4 percent rise in January. Retail Sales Yoy in Philippines averaged 7.46 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 1.00 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 1.50 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
2019-01-11 12:30 AM Retail Price Index YoY 3.8% 4.0%
2019-02-01 02:00 AM Retail Price Index YoY 2.7% 3.8% 4.7%
2019-03-27 03:00 AM Retail Price Index YoY 2% 2.7% 2.8%
2019-03-29 01:00 AM Retail Price Index YoY 1.4% 2%
2019-04-30 01:00 AM Retail Price Index YoY 1.4% 1%
2019-05-30 01:00 AM Retail Price Index YoY
2019-07-02 01:00 AM Retail Price Index YoY


Philippines Consumer Last Previous Highest Lowest Unit
Consumer Confidence -0.50 -22.50 13.10 -52.80 Index Points [+]
Retail Sales Yoy 1.40 2.00 79.50 -3.13 percent [+]
Consumer Spending 1791823.92 1479834.36 1791823.92 305524.42 PHP Million [+]
Personal Savings 4603831.54 4610076.23 4689905.96 1124351.04 Million PHP [+]
Bank Lending Rate 6.68 7.27 39.73 5.09 percent [+]
Retail Sales Mom -0.10 0.40 14.43 -2.51 percent [+]
Gasoline Prices 0.99 0.96 1.29 0.34 USD/Liter [+]
Consumer Credit 359.10 329.44 359.10 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 2.00 79.50 -3.13 1980 - 2019 percent Monthly




Country Last Previous
Argentina 25.00 Jan/19
Australia 2.90 Feb/19
Brazil 3.90 Feb/19
Canada 1.80 Feb/19
China 8.70 Mar/19
Euro Area 2.80 Feb/19
France 2.00 Feb/19
Germany 4.70 Feb/19
Indonesia 9.10 Feb/19
Italy 0.90 Feb/19
Japan 0.40 Feb/19
Mexico 0.90 Jan/19
Netherlands 4.30 Feb/19
Russia 1.60 Mar/19
Singapore -10.00 Feb/19
South Africa 1.10 Feb/19
South Korea -2.00 Feb/19
Spain 1.20 Feb/19
Switzerland -0.20 Feb/19
Turkey -4.90 Feb/19
United Kingdom 6.70 Mar/19
United States 3.60 Mar/19


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