Tag: inflation rate

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. […]

Govt anti-inflation measures inadequate and anti-agriculture

October 2, 2018

Research group IBON said that the Duterte administration’s anti-inflation measures are reckless stop-gap measures that will ironically harm domestic agriculture, displace farmers and fisherfolk, and worsen food insecurity. The group also said that the government should use its vast authority to take much more decisive steps to reduce inflation. President Duterte issued Administrative Order (AO) […]

Poor Filipino families worst hit by rising July 2018 inflation

August 8, 2018

Research group IBON said that faster inflation largely due to rising food prices hits poor households the worst. The group also said that the Duterte administration’s proposal to increase food imports is short-sighted, and that the best defense against rising food prices and high inflation is to increase domestic food supply through long-term solutions that […]

Poorest 60M Filipinos suffer income loss due to first 6 months inflation in 2018

August 7, 2018

Lowest-income households lost as much as Php2,700 since start of 2018 Accelerating inflation since the start of the year has eroded the incomes of the country’s poorest families. Research group IBON estimates that the poorest 60 million Filipinos have suffered income losses of anywhere from Php993 to as much as Php2,715 because of worsening inflation […]

Govt’s TRAIN to blame for highest inflation in nearly 10 years — IBON

July 5, 2018

Research group IBON said that the government’s insistence on higher taxes especially on the poor is among the factors driving inflation rates to their highest in nearly a decade. The group said that runaway inflation is due to the peso depreciation and rising global oil prices combined with the Tax Reform for Acceleration and Inclusion […]