Rising domestic petroleum prices, increased costs of rice, fish, and meat, higher electricity charges, and peso depreciation are driving inflation above the bank’s target.
The central bank highlights intensified risks from Middle East conflict, with inflationary pressures threatening economic stability and consumer purchasing power in the Philippines.
Will the central bank's rate hikes tame inflation without triggering an economic recession?
Is the Philippines finally ready to break its crippling decades-long dependence on imported oil?
With 1.3 million more Filipinos facing poverty, are targeted subsidies a better fix than tax cuts?
What is the plan to protect 2.1 million overseas Filipinos as Middle East tensions escalate?
Could government reregulation of the oil industry accidentally create worse fuel shortages in the long run?