Manila, April 7, 2026 (AFP) - Iran war drives Philippine inflation above 4%

NAMPA / AFP

2026-04-07

Philippine inflation jumped dramatically in March, government figures showed Tuesday, hitting a nearly two-year high of 4.1 percent on the back of historically high fuel prices driven by the Middle East war. The spike -- the highest since July 2024 and well up from 2.4 percent in February -- comes as the import-dependent archipelago struggles with a declared "national energy emergency". The past month has seen the Philippines open supply chains w......

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