
ANZ Research expects Philippine inflation to rise to 8.4% year-on-year in October, up from 7.2% in September, and to stay above 8% through December. The forecast cites higher global oil prices, rising rice costs and a weaker peso, which reached a record low of P64.17 per dollar on Oct.
28.
A weaker peso and higher oil raise the cost of imported fuel, feed and food for a net food importer. Rising rice costs and inflation pressure suggest continued demand for imported feed ingredients priced in dollars.
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.
Not enough comparable past events yet for a historical read.
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.