FX.co ★ Philippines Producer Inflation Hits 7-Month High

In September 2025, producer prices in the Philippines experienced a 1% annual increase, up from an upwardly adjusted 0.6% in August. This represents the most significant growth since February, primarily attributed to a recovery in transport equipment prices, which rose by 1.6% compared to a decline of 0.2% in the previous month. Additionally, there was a turnaround in prices for computer, electronic, and optical products, which increased by 0.9% following a 0.1% decrease, alongside a rise in electrical equipment prices, which climbed to 0.4% from a previous drop of 0.4%. Moreover, there was a noticeable acceleration in costs for manufacturing segments such as wearing apparel, which grew by 1.4% from 0.5%, chemical and chemical products which climbed to 0.6% from 0.2%, basic metals which increased to 2.3% from 2.0%, and rubber and plastic products which saw a rise to 0.9% from 0.6%. Conversely, declines continued in the prices of basic pharmaceutical products and pharmaceutical preparations, which dropped further to -1.4% from -1%, as well as in paper and paper products, which fell to -1.3% from -1%. On a month-to-month basis, the producer prices grew by 0.2% in September, maintaining the same pace as the prior month.