Philippines Producer Inflation Hits 7-Month High

Producer prices in the Philippines rose by 1% year-on-year in September 2025 from an upwardly revised 0.6% in the previous month. This marked the highest growth since February, driven largely by a rebound in prices for transport equipment (1.6% vs -0.2% in August), computer, electronic and optical products (0.9% vs -0.1%), and electrical equipment (0.4% vs -0.4%). At the same time, costs increased faster for the manufacture of wearing apparel (1.4% vs 0.5%), chemical and chemical products (0.6% vs 0.2%), basic metals (2.3% vs 2.0%), and rubber and plastic products (0.9% vs 0.6%). Meanwhile, prices declined further for basic pharmaceutical products and pharmaceutical preparations (-1.4% vs -1%), and for paper and paper products (-1.3% vs -1%). On a monthly basis, producer prices rose by 0.2% in September, matching the pace from the previous period.