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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Retail Price Index YoY climbed to 3.5% in July 2022
FMPMonthlyReleased August 2022
Philippines Retail Price Index YoY climbed to 3.5% in July 2022, released August 2022, up 0.8% from June's 2.7% reading.
Latest Release
3.500000
Actual
—
Consensus
2.700000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Retail Price Index YoY (Philippines) was reported at 3.5% in August 2022. The reading rose from the previous value of 2.7%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.8%, up from the prior three at 2.1%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update August 2022.
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Retail Price Index YoY - PH
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About Retail Price Index YoY — Philippines
DEFINITION
The Retail Price Index YoY (Year-over-Year) is a key economic indicator that measures the change in the average price of goods and services purchased by consumers over a 12-month period. This index provides valuable insights into the overall inflationary trends in the retail sector, helping businesses and policymakers make informed decisions about pricing, consumer spending, and monetary policy. It is widely used as a benchmark for tracking the purchasing power of consumers and the overall health of the economy.
WHY THIS INDICATOR MATTERS
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2022): actual 3.5 %. Prior reading (Mar 2022): 2.7 %. Before that (Feb 2022): 2.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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