# Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years

> Philippine inflation reached 7.8% in October, a 44-month high, with transport costs up 20% on the month, according to the statistics office. The rate was above the 7.6% analyst forecast, and the annual inflation rate for 2026 reached 5.6%, well above the government's 2-4% target. The statistics chief also flagged El Niño dryness affecting food supply.

- Date: 2026-11-05 · published 2026-11-05T06:10:36.107Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/81201-soaring-petrol-prices-amid-middle-east-conflict-drive-highest-philippine
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

Energy-driven inflation and a weak peso raise the cost of imported feed inputs and domestic feed logistics in the Philippines. El Niño-related food supply risks could add further pressure on local feed grain and ingredient prices.

## Sources

- channelnewsasia.com: https://www.channelnewsasia.com/asia/philippines-petrol-prices-highest-inflation-war-6526336

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