Producer price index up slightly in Oct – PSA

The Producer Price Index (PPI) for manufacturing grew by 0.1 percent in October, the Philippine Statistics Authority (PSA) reported last week, rebounding from September's 0.3-percent dip and a 4.6-percent drop posted a year earlier.

"The upturn in the PPI in October 2021 can be attributed to the annual increases in the indices of 13 industry divisions, led by manufacture of coke and refined petroleum products which posted a double-digit annual increment of 19.6 percent," the PSA said in a statement.