
Philippine inflation rose to 7.8% in October, a 44-month high, driven by a 20% rise in transport costs from higher petrol prices. The year-to-date rate is 5.6%, and the central bank raised rates by 50 basis points to 5.5%.
Higher fuel and transport costs raise the cost of delivering feed and grain in the Philippines, and a weaker peso adds to import costs. The rate hike tightens financing for feed mills and livestock producers.
After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.