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Bank economists warned that Philippine inflation could exceed 8% in November and December, driven by higher public transport fares, electricity rates and wage increases. They cited stubbornly high global oil prices and the threat of El Niño to food supply.
Business sentiment in the Philippines improved slightly in September but firms remained concerned about fuel costs and peso depreciation.
High crude prices feed through to Philippine fuel and transport costs, which pressures feed and food prices and the local currency. The direct effect on feed commodity prices is limited, so this is a macro signal rather than a market mover.
businessmirror.com.phSalma El Wardany, Nayla Razzouk, BloombergNov 2, 2026After 1,159 past macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (50% higher; middle half -3.7% to +3.5%), and +0.7% over 20.
After 691 past macro events, Crude Oil (Brent) moved a median -0.2% over 5 sessions (49% higher; middle half -4.6% to +3.1%), and +0.2% over 20.
After 204 past macro events, ULSD / Diesel moved a median -0.7% over 5 sessions (43% higher; middle half -4.5% to +1.8%), and -0.1% 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.
