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Philippine President Rodrigo Duterte blamed US trade policy for rising inflation, which reached 6.4% in August, the fastest pace since 2009. Central bank data showed food prices up 8.5% and transport costs up 7.8%, and the finance chief said the Philippines is largely insulated from the US-China trade war.
Inflation is driven mainly by domestic food and transport costs rather than US tariffs, so the story does not directly move feed commodity prices.
philstar.comSep 8, 2018After 43 past macro events, Rough Rice moved a median +0.5% over 5 sessions (56% higher; middle half -2.0% to +2.3%), and +1.6% 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.
