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Oil crisis pushes Philippine inflation to over three-year high in April

5 May 2026
in Business
Reading Time: 1 min read
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Oil crisis pushes Philippine inflation to over three-year high in April
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By Katherine K. Chan, Reporter

Elevated oil prices began to feed through food and utility costs, driving headline inflation to an over three-year high of 7.2% in April, the Philippine Statistics Authority (PSA) said on Tuesday.

PSA data showed that the consumer price index (CPI) heated up to 7.2% last month, from 4.1% in March and 1.4% a year ago.

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