THE producer price index (PPI) for manufacturing was off to a good start last month, according to data from the Philippine Statistics Authority released on Friday.
A measure of the average change in selling prices manufacturers and producers receive for their goods over time, the PPI recorded a 1.5 percent recovery from January 2025’s 0.9 percent. It was also an improvement from the 0.8 percent in December 2025.
The growth was “primarily due to the annual increment in the PPI for the manufacture of food products industry division at 1.3 percent in January 2026, from a 0.1 percent annual decline in December 2025,” the PSA said.
Food manufacturing had the highest weight in the computation of PPI and accounted for 38.5 percent of the increase.
Other contributors were faster annual growth in the manufacture of computer, electronic, and optical products (2.6 percent from 0.8 percent), and machinery and equipment except electrical (2.2 percent from 0.4 percent).
“These three industry divisions contributed 89.1 percent to the faster month-on-month growth rate of PPI for manufacturing in January 2026,” the PSA said.
Of the remaining 19 industry sectors, 10 suffered contractions while nine posted growth.
Growth was also seen on a month-on-month basis when the PPI rose by 0.5 percent in January from December 2025’s 0.1 percent. It reversed the year-earlier 0.2 percent decline.