Oil shock drives Philippine inflation to 20-month high of 4.1% in March 2026

I think I read somewhere the real shock starts on the 15th. Apparently oil tankers are so slow that the ones that crossed the straight before it was closed destined for the furthest ports haven't reached them yet. Once the last pre war tankers hit the last ports the supply chain will officially be dead and that when things will apparently *start* getting bad.

Yeah I also think it'll get worse.

I don't think so. The article says: > Inflation in the Philippines nearly doubled to 4.1% in March The "inflation for a month" is never really the inflation during that month, it's the inflation over the last 12 months. The inflation during February wasn't 2% (half of 4%), 2% is a number consistent for the inflation over 12 months. However if you go from 2% (last 12 months) to 4% (last 12 months), clearly it means the inflation was high during March. And this will be a problem if inflation remains high over the coming months, which is likely to be the case. It also means that even if the future inflation is back to the normal (unlikely), it'll stay at 4.1% for the next 12 months (which is quite bad).