Philippines warns oil price hike could send inflation soaring, slow growth

MANILA — The Philippines is preparing for a range of possible impacts from rising oil prices, including a worst-case scenario that could push inflation into double-digit territory and pull economic growth below target this year. Before the conflict in the Middle East, the Philippines had expected inflation to accelerate to 3.6% this year from 1.7% in 2025, […] The post Philippines warns oil price hike could send inflation soaring, slow growth appeared first on Interaksyon.