Bank economists warned that inflation could exceed 8% in November and December as higher transport fares, electricity rates and wages push up prices. They cited stubbornly high global oil prices and the threat of El Niño to food supply.
The same report notes a dwindling rice stockpile.
A tightening rice stockpile combined with El Niño risk to supply could lift Philippine rice prices and raise import demand. Persistent inflation also weighs on the peso, which raises the cost of imported feed inputs.
After 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.