2026.06.3001:16:27UTC+00Philippines Producer Inflation Hits Over 3-Year High

Producer prices in the Philippines rose by 2.9% year-on-year in May 2026, up from an upwardly revised 2.6% in April. This was the fastest increase since March 2023, largely driven by quicker price gains in the manufacture of computer, electronic, and optical products (5.9% vs. 4.4% in April), which accounted for 50.8% of the total annual rise in producer prices. Other key contributors were the manufacture of basic metals (5.4% vs. 3.8%) and chemicals and chemical products (3.9% vs. 3.2%).

By contrast, price growth in the manufacture of food products slowed (1.3% vs. 1.5%), mainly due to a sharper decline in prices for vegetable and animal oils and fats (-4.9% vs. -3.5%).

On a monthly basis, producer prices increased by 0.2% in May, following a revised flat reading in April. For the January–May period, producer prices rose by an average of 2.1% compared with the same period a year earlier.