MANILA, Philippines — An intensifying El Niño could further complicate the Philippines’ fight against inflation, with a severe episode potentially pushing price growth above 8 percent while adding to the strain on an already weak economy, according to Chinabank Research. In a commentary, Chinabank said El Niño could add 0.25 percentage points (ppt) to headline inflation under a mild scenario, 0.66 ppt under a strong scenario, and as much as 1.57 ppt under a severe one.  READ: Strong El Niño may drive up food, power costs in 2027 “The Philippine economy, already facing weak growth and the fallout of the US-Iran energy […]...

Keep on reading: Severe El Niño episode seen to worsen inflation, growth