Growth in factory gate prices in the Philippines slowed in April, according to data from the Philippine Statistics Authority, as reported by Philstar Biz . The Producer Price Index (PPI) for manufacturing posted a slower annual increase compared to March, primarily driven by a deceleration in the prices of refined petroleum products.
The PSA attributed the easing to base effects and moderating global oil prices. Other sectors, such as food manufacturing and chemical products, also contributed to the slower overall PPI growth, though at a more modest pace.
The slower factory gate price growth may signal easing cost pressures for manufacturers, potentially providing some relief to consumers and businesses. However, analysts note that global commodity price trends and domestic demand will continue to influence the trajectory of producer prices in the coming months.