Philippines Producer Prices Fall Further

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Philippines producer prices declined further in January, data from the Philippine Statistical Authority showed on Tuesday.

The producer price index decreased 5.3 percent year-on-year in January, following a 3.8 percent fall in December.

Prices for manufacture of coke and refined petroleum products declined 27.5 percent yearly in January, while those for manufacture of tobacco products grew 3.4 percent.

On a monthly basis, producer prices fell 1.7 percent in January, after a 0.9 percent growth in December.

Among the components of the producer price index, the prices of manufacture of computer, electronic and optical products fell 11.7 percent monthly in January.

The material has been provided by InstaForex Company – www.instaforex.com

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