Inflation Preview: March madness
The conflict in the Middle East will fan Philippine inflation and steepen the local bond yield curve.
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The war in the Middle East has disrupted the global fuel supply chain, with the fallout manifesting in the Philippines’ inflation data in March.
Filipino consumers already feel the impact of surging gasoline and electricity costs. If the US-Iran war persists, the effects of higher energy costs may soon seep their way into the prices of other goods.