Philippine annual inflation rose to 7.2% in April, surpassing forecasts and the government's 2-4% target, primarily driven by fuel price increases amid Middle East tensions. The rate marks the sharpest month-on-month jump since late 1993 and exceeds March's 4.1%. Data from the Philippine Statistics Authority highlights gasoline inflation at 59.6% and diesel at 122.7% year-on-year.