inflation rate
Faster September inflation sign that gov’t is failing in arresting high prices — IBON
October 5, 2023
NEWS
The 6.1% inflation shows the Marcos Jr administration’s failure to effectively address soaring prices and help poor and vulnerable Filipinos cope.
More ayuda more urgent than ever
November 22, 2022
Ayuda is urgent. Millions of Filipinos struggling with poverty even before the pandemic are now also dealing with joblessness from the lockdowns and rapidly rising prices of goods and services. Expanded emergency cash assistance combined with expanded support for farmers, fisherfolk and small businesses are critical to spur real economic recovery.
Inflation spikes, yet cash subsidies nowhere in sight
May 6, 2022
NEWS
The fastest consumer price increases in over three years makes cash aid ever more urgent. Yet the Duterte administration keeps reneging on its promised aid to families.
Philippines Worst in ASEAN
February 4, 2022
The economy and majority of Filipinos have hit rock bottom under Duterte, and that it is more urgent than ever for the 2022 elections to herald new economics and governance.
Faster inflation underscores urgency of new cash subsidies — IBON
February 5, 2021
NEWS
As prices continued to soar amid a collapsing economy as of January, there is immediate need for the Duterte administration to provide substantial aid to the poorest Filipino households.
High prices, flat real wages remain despite lower inflation – IBON
February 5, 2019
Research group IBON said that the lower inflation figure for January 2019 is welcome, but stressed that prices are still higher compared to last year. Real wages have been stagnant for more than a decade and high prices remain a burden for most Filipino families, said the group. Headline inflation for January 2019 is at […]
Lowest-income households have lost as much as Php6,800 to high inflation
November 6, 2018
The incomes of the country’s poorest households have eroded after ten months of accelerating inflation. Research group IBON estimates that the poorest 60 million Filipinos have suffered income losses of anywhere from Php2,500 to as much as Php6,800 because of worsening inflation since the start of 2018. The inflation rate has increased from 3.4% in […]
Stubbornly high inflation increases risk of econ slowdown, unmanageable debt–IBON
November 6, 2018
Research group IBON said that the apparently uncontrollable inflation is fast becoming a flashpoint of the administration’s economic mismanagement. High inflation is combining with rising interest rates, slowing remittances and failing exports to dampen economic growth. The administration is desperate for a short-term infrastructure stimulus to compensate for these, said the group, but a major growth slowdown […]
Inflation worsening: Gov’t should act fast as households’ incomes hemorrhage
October 5, 2018
Research group IBON said that inflation has not tapered off as government projected but has accelerated in September, highlighting government’s continued neglect in addressing rapidly rising prices of goods and services. The group said that government continues to push failed neoliberal measures, while feigning concern for Filipino families struggling with a quickly falling purchasing power. […]
