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The Producer Price Index (PPI) for December 2024 reached 122.3 points, with 2021 acting as the base year set at 100 points, marking a slight increase of 0.1 per cent compared to November 2024.

The Producer Price Index advanced 0.2% sequentially in the last month of 2024, the 0.4% consensus and November's 0.4% increase, according to data released by the Bureau of Labor Statistics on Tuesday.

The producer price index for final demand was up 0.2% month ... up from last month's annual increase of 1.9% (seasonally adjusted). This is the highest level since March 2023.

Producer prices declined in 2024 compared to the previous year, mainly due to the slower growth in food prices, according to the Philippine Statistics Authority (PSA).