Philippines Retail Price Index

The retail price index in the Philippines advanced by 3.5 percent year-on-year in April 2022, following a 2.7 percent rise in the previous month. It was the highest retail inflation since last October 2018, as cost accelerating for food (3.6 percent vs 2.5 percent in March), mineral fuels, lubricants and related materials (33.5 percent vs 26.5 percent), manufactured goods (2.6 percent vs 2.0 percent), miscellaneous manufactures articles (0.8 percent vs 0.7 percent), chemicals (2.1% vs 1.7% percent) and beverages and tobacco (3.8 percent vs 2.9 percent), and machinery and transport equipment (0.7% vs 0.5 percent). By contrast, prices of crude materials fell by 0.5 percent, after a flat reading in March.