Philippine bank economists warn that inflation could exceed 8% in November and December. They cite higher public transport fares, electricity rates and wages, stubbornly high global oil prices, and the threat of El Niño to food supply.
Higher energy costs and El Niño risk to food supply push up feed and fuel input costs for Philippine livestock and poultry producers. Pass-through to local feed prices is likely if oil stays high.
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.
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.