Philippines Near-term Inflation Outlook Faces El Niño Risks

Dow Jones07-07 16:44

0844 GMT - The Philippines's near-term inflation outlook faces risks including El Niño-related supply disruptions and peso volatility, UOB economists say in a note. Prolonged dry weather could affect agricultural production and raise food prices, especially for rice and vegetables. "Such supply-side pressures typically persist for several quarters and could delay the pace of disinflation," UOB writes. El Niño's impact would be felt more strongly on headline inflation, given that food accounts for a significant portion of the CPI basket. That makes it a key risk factor even as energy prices ease. Still, UOB lowers its 2026 inflation forecast for the Philippines to 6.0% from 7.5% due to factors including the sharper-than-expected easing in headline inflation over the past two months. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

July 07, 2026 04:44 ET (08:44 GMT)

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El Niño's impact would be felt more strongly on headline inflation, given that food accounts for a significant portion of the CPI basket. That makes it a key risk factor even as energy prices ease. Still, UOB lowers its 2026 inflation forecast for the Philippines to 6.0% from 7.5% due to factors including the sharper-than-expected easing in headline inflation over the past two months. (amanda.lee@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 07, 2026 04:44 ET (08:44 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Philippines Near-term Inflation Outlook Faces El Niño Risks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhilippines Near-term Inflation Outlook Faces El Niño Risks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-07 16:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0844 GMT - The Philippines's near-term inflation outlook faces risks including El Niño-related supply disruptions and peso volatility, UOB economists say in a note. Prolonged dry weather could affect agricultural production and raise food prices, especially for rice and vegetables. \"Such supply-side pressures typically persist for several quarters and could delay the pace of disinflation,\" UOB writes. El Niño's impact would be felt more strongly on headline inflation, given that food accounts for a significant portion of the CPI basket. That makes it a key risk factor even as energy prices ease. Still, UOB lowers its 2026 inflation forecast for the Philippines to 6.0% from 7.5% due to factors including the sharper-than-expected easing in headline inflation over the past two months. (amanda.lee@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 07, 2026 04:44 ET (08:44 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999004360.SGD","symbol_name":"Nikko AM Shenton Thrift Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2649988730","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649988730","pubTimestamp":1783413840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0844 GMT - The Philippines's near-term inflation outlook faces risks including El Nio-related supply disruptions and peso volatility, UOB economists say in a note. 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Prolonged dry weather could affect agricultural production and raise food prices, especially for rice and vegetables. \"Such supply-side pressures typically persist for several quarters and could delay the pace of disinflation,\" UOB writes. El Niño's impact would be felt more strongly on headline inflation, given that food accounts for a significant portion of the CPI basket. That makes it a key risk factor even as energy prices ease. Still, UOB lowers its 2026 inflation forecast for the Philippines to 6.0% from 7.5% due to factors including the sharper-than-expected easing in headline inflation over the past two months. 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