Oil crisis pushes Philippine inflation to 4.1%, transport costs surgeSigns reading 'out of stock' are displayed at a gas station amid rising petrol prices in Manila on March 9, 2026. The inflation rate in March 2025 was at 1.8%. The latest inflation rate surpasses the government’s target range, which is 2% to 4%. Transport inflation surged from -0.3% in February 2026 to 9.9% in March 2026. There was an uptick in most industries, while a few were able to retain their inflation rate, according to the PSA.

Source: Philippine Star April 07, 2026 14:34 UTC