Price growth of manufactured products slows in Feb.

PRICE GROWTH in manufactured products slowed in February, according to the Philippine Statistics Authority (PSA).

Citing preliminary data, the PSA said the producer price index for manufacturing rose 3.6% year on year during the month, after posting a 4.4% rise in January.

The index shifted its base year to 2018 from 2000 previously.

Price growth in coke and refined petroleum products declined to 4.2% from 7.8% in the previous month.

Slowdowns were also recorded in transport equipment, where prices contracted by 1.7%, deepening the contraction from 0.7% in the previous month.

On the other hand, price growth accelerated for beverages to 5.1% from 4.9% in January.

Posting an unchanged price growth rate of 5.5% was fabricated metal products, except machinery and equipment.

Also posting unchanged price growth were tobacco products (3.9%) and wood, bamboo, cane, rattan articles and related products (3.9%). — Sheldeen Joy Talavera