In its Asia Macro Weekly report, ANZ Research said average global oil prices in September have softened so far and the transmission to pump prices in economies in the region is underway.
"If the weakness in global oil prices persists, disinflation will gather pace, and most of the region's external positions will improve," it said. "Thailand and the Philippines will see the biggest drag to inflation." According to ANZ, global oil prices have eased this month with average Brent crude oil prices down by seven percent from August.
It also noted that at one point, prices fell below the $70-per-barrel mark for the first time since December 2021.
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Denne historien er fra September 24, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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