Bank economists warned Philippine inflation could exceed 8% in November and December, driven by higher transport fares, electricity rates, wage increases, high global oil prices and El Niño threats to food supply. The article also covers a Business Expectations Survey showing slightly less pessimistic business sentiment in September and a Japanese chamber's concern over a DOE/DENR administrative order on asset turnover.
Elevated oil prices and El Niño-driven food supply risk could push up feed and food input costs in the Philippines, supporting firmer demand for imported feed grains and meals.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.