# Philippines faces stagflation threat, says S&P

> S&P Global Ratings said the Philippines faces weak economic growth alongside high inflation, with interest rates potentially staying elevated for longer. It cited supply-driven inflation pressures from global energy prices and El Niño-related food-cost increases, and noted October inflation reached 7.8%, a near four-year high.

- Date: 2026-11-06 · published 2026-11-06T12:12:16.817Z
- Category: weather · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/83864-philippines-faces-stagflation-threat-says-s-and-p
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

El Niño-related stress on agricultural output could tighten local food supplies and increase competition for available feed inputs, while higher energy costs raise production and transport expenses. Persistent inflation and elevated interest rates may also weigh on demand and raise financing costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- CORN: bullish ▲
- RICE: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-11-01 | [Wheat Price Surge Threatens to Speed Up Food Inflation - TT](https://feedsoft.ai/events/7314-wheat-price-surge-threatens-to-speed-up-food-inflation-tt.md) | +1.6% | +3.4% |
| CORN | 2025-03-25 | [Brazil faces inflation risks as surging corn prices eclipse rice plunge](https://feedsoft.ai/events/25593-brazil-faces-inflation-risks-as-surging-corn-prices-eclipse-rice-plunge.md) | -1.5% | +3.1% |
| CORN | 2020-12-01 | [La Niña Threatens Price Stability \| Feed & Grain](https://feedsoft.ai/events/49573-la-nina-threatens-price-stability-feed-and-grain.md) | -0.4% | +1.4% |
| CORN | 2024-09-20 | [FAO urges swift action as La Niña threatens global food security](https://feedsoft.ai/events/28229-fao-urges-swift-action-as-la-nina-threatens-global-food-security.md) | +0.0% | -0.9% |
| CORN | 2026-08-27 | [Heat, floods threaten China crops as U.S. farm purchases loom \| Reuters](https://feedsoft.ai/events/14552-heat-floods-threaten-china-crops-as-u-s-farm-purchases-loom-reuters.md) | +1.2% | +5.8% |
| RICE | 2023-08-02 | [Rice Supply Faces New Threat as Thailand Urges Crop Curbs - Bloomberg](https://feedsoft.ai/events/12036-rice-supply-faces-new-threat-as-thailand-urges-crop-curbs-bloomberg.md) | +0.3% | +4.4% |
| RICE | 2022-10-10 | [Threat of food inflation looms as India grapples with delayed heavy rains](https://feedsoft.ai/events/39075-threat-of-food-inflation-looms-as-india-grapples-with-delayed-heavy-rains.md) | -0.5% | +2.9% |
| RICE | 2024-08-29 | [Prolonged Monsoon Rains Threaten India’s Crop Outlook \| Headlines](https://feedsoft.ai/events/28729-prolonged-monsoon-rains-threaten-india-s-crop-outlook-headlines.md) | +2.3% | -1.4% |

## Sources

- bworldonline.com: https://bworldonline.com/top-stories/2026/11/06/792019/philippines-faces-stagflation-threat-says-sp/

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