Philippines faces elevated inflation risks

MANILA, Philippines — The Philippines is the only emerging economy in Asia that is still facing elevated inflation risks amid the country’s vulnerability to supply-side shocks, according to economists.

In a report, Nomura chief economist Sonal Varma and Asian economist Si Ying Toh said the Philippines has the second highest inflation pressure in Asia, next to Singapore, based on the aggregate scorecard for inflation pressure.

The authors said inflationary pressures throughout emerging Asia appear low, with Indonesia facing the least inflationary pressure.

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