Financial News: Philippine Producer Prices Rise 0.8%

Philippine Producer Prices Rise 0.8%

04/02/2025 - 03:28:00 (RTTNews)

(RTTNews) - Philippine producer prices increased for the second straight month in February, though at a slower-than-expected pace, data from the Philippine Statistics Authority showed on Wednesday.

The producer price index rose 0.8 percent year-on-year in February after a 0.7 percent rebound in January. The expected increase was 1.2 percent.

The faster increase in February was mainly due to the acceleration in the annual rate of the price index for the manufacture of coke and refined petroleum products industry division, where prices grew 2.9 percent versus a 1.9 percent climb in January.

Similarly, the annual price growth for other manufacturing and repair and installation of machinery and equipment accelerated to 3.0 percent from 1.6 percent.

Of the remaining 19 industry divisions, 13 registered monthly decreases, and five exhibited month-on-month increases, the agency said.

On a monthly basis, producer prices dropped 0.2 percent in February, following a 0.4 percent decrease in the previous month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Turkish Economic Growth Slows To 2.0% (06 hr(s), 51 min(s), 08 sec(s) ago)
(RTTNews) - Turkey's economic growth moderated in the first quarter of 2025, official data ...Full Story»

Brazil GDP Growth Accelerates To 1.4% (07 hr(s), 09 min(s), 08 sec(s) ago)
(RTTNews) - The Brazilian economy expanded at a faster pace in the first quarter of 2025, accord ...Full Story»

Portugal GDP Growth Slows As Estimated, Inflation Rises (07 hr(s), 56 min(s), 08 sec(s) ago)
(RTTNews) - Portugal's economic growth eased as initially estimated in the first quarter, whi ...Full Story»

U.S. Consumer Prices Inch Up In Line With Estimates In April (08 hr(s), 20 min(s), 08 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept slightly higher in the month of April, according to ...Full Story»

Italy Inflation Slows To 1.7% (08 hr(s), 33 min(s), 08 sec(s) ago)
(RTTNews) - Italy's consumer price inflation eased as expected in May after remaining stable i ...Full Story»

U.S. Consumer Prices Inch Up In Line With Estimates In April (08 hr(s), 51 min(s), 08 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept slightly higher in the month of April, according to ...Full Story»

Estonian Economy Contracts In Q1 (09 hr(s), 04 min(s), 08 sec(s) ago)
(RTTNews) - Estonia's economy contracted in the first quarter of 2025, revised from a recovery ...Full Story»

German Inflation Stable At 2.1% (09 hr(s), 11 min(s), 08 sec(s) ago)
(RTTNews) - Germany's consumer prices grew at a steady rate in May, flash estimates from Desta ...Full Story»