JUST IN: 🇵🇭Philippine inflation skyrocketed to a 3-year high of 7.2% in April, nearly DOUBLE the 4.1% print in March. High fuel prices remain the main driver of inflation, with gasoline up 59.6%, diesel up 122.7%, and LPG up 45.8%. The Philippines depends on the Middle East for nearly 90% of its oil supply.(Coin Bureau)