Mining and Quarrying and Manufacturing lead the PPI index as the two most important contributors to producer price inflation by 10.6 ppt and 6.9 ppt respectively, both accounting for 94.5% of inflation in April, according to the GSS. The year-on-year inflation placed Mining and Quarrying, Accommodation and food service activities, Manufacturing, Transportation and storage, and construction in the top five categories at 24.3%, 20.6%, 19.6%, 16.2%, and 13.9% respectively while electricity and gas recorded 5.3%, water supply; sewerage, waste management recorded 4.8% and information and communication recorded 3.4%. The transportation subsector had the highest producer inflation within the services sector where air transport saw a spike at 29.5% followed by water transport at 21.8% and land transport at 21.6% in April 2025. The food and beverage service subsector was tied with land transport.

However, for the month-on-month inflation, the average prices that producers received for their goods and services fell by 0.8% in April compared to March 2025. GSS is bullish that consumers will start to see some relief in prices in the coming months “if retailers pass on the price reduction”, but producers and manufacturers may face tighter margins and more competition.

The producer price inflation is the rate at which the price received by domestic producers for their goods and services rises and falls. It is measured as the percentage change in the PPI between two periods; month-on-month basis and year-on-year basis.