Producer prices in the Philippines continue to rise in June

The Philippine Statistics Authority announced that the Producer Price Index (PPI) rose 7.2% year on year in June, following a 7% increase in May. Month-on-month, the PPI rose 0.9%, compared with a 0.5% increase in May.

The manufacturers of coke and refined petroleum products recorded an annual growth of 22.1%.

Whereas, only the manufacture of wood, bamboo, cane, rattan, and related products recorded a decline in its annual growth rate of -3.4%.

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