Producer prices in Philippines went up 2.0 percent year-on-year in January of 2017, compared to a downwardly revised 0.7 percent fall in December. It was the first increase in producer prices since September 2014, driven by a surge in cost of petroleum products (28.8 percent vs 6.3 percent in a month earlier). Also, cost increased for: miscellaneous manufactures (9.9 percent vs 6.1 percent) and machinery except electrical (5.4 percent vs -11.6 percent). In contrast, cost fell for: furniture and fixtures (-11.4 percent vs -19.7 percent), non-metallic mineral products (-6.6 percent vs 0.2 percent), chemical products (-5.3 percent vs -1.1 percent), leather products (-5.1 percent vs -6.2 percent) and textiles (-4.3 percent from -3.9 percent). On a monthly basis, producer prices were unchanged, following an upwardly revised 0.3 percent rise in December. Producer Prices Change in Philippines averaged 3.03 percent from 1999 until 2017, reaching an all time high of 17.50 percent in January of 2001 and a record low of -10 percent in March of 2013.
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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 – actual data, historical chart and calendar of releases – was last updated on March of 2017.