# Jump in crop prices threatens to boost inflation |  Bloomberg News

> Bank economists warn that Philippine inflation could exceed 8% in November and December, driven by transport fares, electricity rates, wages, high global oil prices and El Niño threats to food supply. The article headline points to crop prices pushing inflation higher.

- Date: 2026-11-02 · published 2026-11-02T03:05:47.191Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/74630-jump-in-crop-prices-threatens-to-boost-inflation-bloomberg-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

El Niño-driven food supply risk and firm crude prices could lift feed and grain costs for Philippine buyers, with rising inflation pressuring local currency purchasing power.

## Read by commodity

- WTI: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-05-31 | [CAD boosted by jump in oil prices - OFX (CA)](https://feedsoft.ai/events/47335-cad-boosted-by-jump-in-oil-prices-ofx-ca.md) | +4.4% | +10.0% |
| WTI | 2019-02-19 | [Gas Prices Jump for Most of Country – AAA Newsroom](https://feedsoft.ai/events/60764-gas-prices-jump-for-most-of-country-aaa-newsroom.md) | -0.4% | +6.3% |
| WTI | 2018-04-30 | [Will oil prices be the trigger that wakes the inflation beast? - Financial Post](https://feedsoft.ai/events/65433-will-oil-prices-be-the-trigger-that-wakes-the-inflation-beast-financial-post.md) | +2.4% | -0.3% |
| WTI | 2023-10-27 | [Petroleum's influence on crop prices increases \| The Western Producer](https://feedsoft.ai/events/15270-petroleum-s-influence-on-crop-prices-increases-the-western-producer.md) | -0.9% | -10.2% |
| WTI | 2023-11-02 | [Petroleum increases its influence on crop prices \| The Western Producer](https://feedsoft.ai/events/15260-petroleum-increases-its-influence-on-crop-prices-the-western-producer.md) | -6.4% | -6.3% |
| CORN | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | +5.0% | -2.1% |
| CORN | 2021-02-17 | [Fed minutes show willingness to steer past coming jump in inflation \| Reuters](https://feedsoft.ai/events/48543-fed-minutes-show-willingness-to-steer-past-coming-jump-in-inflation-reuters.md) | +0.3% | -4.7% |
| CORN | 2024-09-12 | [Brazilian market has firm prices and new area cut in the summer corn crop](https://feedsoft.ai/events/13549-brazilian-market-has-firm-prices-and-new-area-cut-in-the-summer-corn-crop.md) | +4.9% | +5.1% |

## Sources

- businessmirror.com.ph: https://businessmirror.com.ph/2026/10/01/jump-in-crop-prices-threatens-to-boost-inflation/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.