Summary
Filipinos are facing the biggest inflationary shock in 30 years. Rising fuel and food prices are squeezing household budgets, with some families cutting back to just one meal a day.
We examine why the sharp rise in living costs is hitting the Philippines' poorest families hardest - though there are signs of relief ahead. A newly announced US-Iran peace deal could help stabilise global oil markets by reopening the Strait of Hormuz, a key shipping route for energy supplies.
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