THE DECLINE in prices for farm products paid by producers accelerated in the fourth quarter to -7.0%, the Philippine Statistics Authority (PSA) said in a report.
The fourth-quarter reading compares with the third-quarter year-on-year decline of -5.7%.
On a quarter-on-quarter basis, the PPI for agriculture fell 4.3% in the fourth quarter, the PSA said.
PPI growth for crops was -9.7% in the fourth quarter, decelerating from the -8.0% year-on-year reading a quarter earlier.
“Quarter-on-quarter, the PPI of crops recorded a 6.1% decrease in the fourth quarter of 2024 from a 3.1% increase in the third quarter of 2024,” the PSA said. — Kyle Aristophere T. Atienza