Philippine Accelerating Inflation Signals More Rate Hikes Ahead

The video discusses the high inflation rate in the Philippines, which is the fastest in Asia, and the challenges faced by the central bank (BSP) in managing it. The BSP has been aggressive with rate hikes to tackle inflation, but further actions may be needed. Key factors affecting inflation include oil prices, new taxes, and natural disasters. The economic outlook remains uncertain, with potential relief expected in early 2019 as tax effects diminish.

In what ways might oil prices and natural disasters affect inflation in the Philippines?

What potential relief might the Philippines see in early 2019 regarding inflation, and what factors could influence this?