Philippine factory gate prices rise 0.8%, says PSA


Producer Price Index for the manufacturing sector posted a slightly faster annual increase of 0.8% in February. — AFP

MANILA: Factory gate prices continued to rise in February, driven by the uptick in the selling prices of coke and refined petroleum products.

Data released by the Philippine Statistics Authority (PSA) yesterday showed that the Producer Price Index (PPI) for the manufacturing sector posted a slightly faster annual increase of 0.8% in February, up from a 0.7% year-on-year rise in January.

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