The producer prices in the Philippines declined by 4.5 percent year-on-year in May 2021, after a revised 3.9 percent drop in the previous month. This was the 17th straight month of fall in producer prices and the steepest pace since February, amid the ongoing COVID-19 outbreak. On a monthly basis, producer prices dropped by 0.1 percent in May after falling 0.8 percent in April. source: National Statistics Office of Philippines
Producer Prices Change in Philippines averaged 2.19 percent from 1999 until 2021, reaching an all time high of 17.50 percent in January of 2001 and a record low of -10 percent in March of 2013. This page provides the latest reported value for - Philippines Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Producer Prices Change in Philippines is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Philippines to stand at 5.50 in 12 months time. In the long-term, the Philippines Producer Prices Change is projected to trend around 1.50 percent in 2022, according to our econometric models.