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MANILA, Philippines – The Philippines’ inflation outlook may have improved on the back of easing global oil prices, prompting Nomura Global Markets Research to trim its 2026 inflation forecast, although it warned that underlying price pressures remain persistent.
In its latest report, the Japanese investment bank lowered its 2026 headline inflation forecast for the Philippines to 5.1 percent from its previous 5.5-percent projection.
READ: BSP: Inflation likely eased in June to 6-7%
Nomura earlier identified the Philippines as one of Asia’s biggest beneficiaries of the tentative peace agreement between the United States and Iran, estimating that every 10-percent decline in global oil prices could shave about 0.5 percentage point off Philippine inflation—the largest disinflationary impact in the region alongside India.
