The producer prices in the Philippines advanced by 7.2% year-on-year in October of 2022, softer than an upwardly revised 7.5 percent gain in the previous month, which was the fastest pace in three months. It was the lowest producer inflation since April, amid a softer rise in prices of electronic and optical products (7.9% vs 9.8% in September), repair and installation of machinery and equipment (2.4% vs 2.6%), beverages (5.0% vs 6.0%), furniture (1.4% vs 1.8%), coke and refined petroleum (14.5% vs 16.7%), basic metals (2.3% vs 2.4%), and textiles (3.6% vs 4.2%). Meantime, prices continued to increase for paper products (4.7% vs 4.4%), food products (9.5% vs 8.7%), transport equipment (5.5% vs 4.7%), chemical products (8.3% vs 7.1%), wearing apparel (2.9% vs 2.4%), tobacco (3.3% vs 3.0%), and rubber and plastic products (5.1% vs 4.9%). On a monthly basis, producer prices went up 0.2% in October, easing from a downwardly revised 0.7% gain in September. source: Philippine Statistics Authority

Producer Prices Change in Philippines averaged 2.29 percent from 1999 until 2022, reaching an all time high of 17.50 percent in January of 2001 and a record low of -10.00 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 December of 2022.

Producer Prices Change in Philippines is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Producer Prices Change is projected to trend around 4.00 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Philippines Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-11-04 01:00 AM Sep 7.4% 7.1% 7.2%
2022-12-02 01:45 AM Oct 7.2% 7.5% 7.1%
2022-12-29 01:00 AM Nov 7.2% 7.1%


Related Last Previous Unit Reference
GDP Deflator 110.04 108.10 points Sep 2022
Producer Prices Change 7.20 7.50 percent Oct 2022
Import Prices 133.96 121.85 points Sep 2022
Export Prices 108.01 102.95 points Sep 2022

Philippines Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
7.20 7.50 17.50 -10.00 1999 - 2022 percent Monthly
2018=100; NSA

News Stream
Philippines Producer Inflation at 6-Month Low
The producer prices in the Philippines advanced by 7.2% year-on-year in October of 2022, softer than an upwardly revised 7.5 percent gain in the previous month, which was the fastest pace in three months. It was the lowest producer inflation since April, amid softer rises in prices of electronic and optical products (7.9% vs 9.8% in September), repair and installation of machinery and equipment (2.4% vs 2.6%), beverages (5.0% vs 6.0%), furniture (1.4% vs 1.8%), coke and refined petroleum (14.5% vs 16.7%), basic metals (2.3% vs 2.4%), and textiles (3.6% vs 4.2%). Meantime, prices accelerated for paper products (4.7% vs 4.4%), food products (9.5% vs 8.7%), transport equipment (5.5% vs 4.7%), chemical products (8.3% vs 7.1%), wearing apparel (2.9% vs 2.4%), tobacco (3.3% vs 3.0%), and rubber and plastic products (5.1% vs 4.9%). On a monthly basis, producer prices went up 0.2% in October, easing from a downwardly revised 0.7% gain in September.
2022-12-02
Philippines Producer Inflation Rises to 7.4% in September
The producer prices in the Philippines increased by 7.4% year-on-year in September of 2022, faster than a downwardly revised 7.1 percent gain in the previous month which was the softest pace since May. Prices accelerated mainly for computer, electronic and optical products (10.2% vs 6.9% in August), paper products (4.4% vs 4.0%), and repair and installation of machinery and equipment (2.6% vs 0.8%); while cost of food products was steady (at 8.8%); and that of beverages (5.9% vs 5.8%) and furniture (1.8% vs 1.9%) were little changed. At the same time, there were slowdowns in prices of coke and refined petroleum (15.2% vs 15.5%), transport equipment (4.4% vs 4.9%), chemical products (6.6%vs 7.2%), basic metals (2.8% vs 5.1%), textiles (4.2% vs 5.0%), wearing apparel (0.7% vs 1.4%), tobacco (3.0% vs 3.6%), and rubber and plastic products (4.8% vs 5.0%). On a monthly basis, producer prices increased 0.8% in September, shifting from a downwardly revised 0.3% drop in August.
2022-11-04
Philippines Producer Inflation Highest in Near 14 Years
The producer prices in the Philippines increased by 7.9 percent year-on-year in July 2022, after an upwardly revised 7.5 percent rise in the previous month. The latest reading marked the highest producer inflation since November 2008, amid surging commodity prices and persistent supply chain disruptions. On a monthly basis, producer prices rose 0.8 percent in July, after an upwardly revised 1.1 percent gain in June.
2022-08-31