Philippine consumer price inflation held steady in April, defying economists' expectations for an increase, figures from the Philippine Statistics Authority showed Thursday.
The consumer price index climbed 1.1 percent year-over-year in April, the same rate of rise as in the previous month. Economists had expected a 1.2 percent spike for the month.
Prices of food and non-alcoholic beverages grew 1.6 percent annually in April and those of clothing and footwear went up by 1.9 percent. At the same time, utility costs registered a decrease of 1.5 percent.
On a monthly basis, consumer prices rose 0.2 percent in April, following a 0.1 percent increase in March.
In an another report, the statistical office announced that producer prices fell at a faster pace of 5.5 percent yearly in March, after a 5.0 percent decline a month earlier.
Month-on-month, producer prices dropped at a stable pace of 0.2 percent in March. It was the fourth month of fall in a row.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.