inflation

PH among worst performers in Southeast Asia

June 13, 2022

The government hypes the Duterte legacy but comparing growth, jobs, inflation, trade and debt figures with other Southeast Asian countries shows the Philippine economy as among the poorest performers. This is due not only to its poor COVID response, harsh lockdowns and refusal of economic stimulus but to pre-pandemic mispriorities.

Real wages fall as inflation spikes

June 9, 2022

Higher May inflation pushed the real value of wages to even lower levels and is making basic food and transport services even more unaffordable. Inflation far outpaces the outgoing Duterte administration’s wage hikes and wage earners are worse off now than six years ago.

Duterte Legacy?

June 1, 2022

The economy that the Duterte administration painted in its final report was a fantasy. It omitted important numbers that show how it wasn’t an economy that worked for ordinary Filipinos. Download the landscape version of the infographic here.

Purchasing power of NCR minimum wage still falls

May 18, 2022

Price increases cause insufficient wages to further erode

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.

The scourge of price hikes

April 16, 2022

Prices keep rising, cash subsidies are limited, and real wages keep falling. The situation will not get better if the government does not acknowledge that the rampant jobs crisis and worsening poverty are huge problems that require big solutions.

10 things about the economy that the Duterte administration should admit

April 4, 2022

At its economic briefing, the Duterte government will likely hype growth, claim successful COVID response and play up so-called reforms. All this seeks to distract from how social and economic development has been set back by the administration even before the pandemic.

IBON Executive Director on economic managers’ proposals to alleviate Ukraine conflict impact

March 9, 2022

The Economic Development Cluster (EDC) proposes to cope with the Ukraine conflict by shifting to Alert Level 1, just Php6.1 billion in fuel subsidies, increasing buffer stocks of oil products, lowering tariffs on food and coal imports, promoting energy conservation, and attracting investments.

The Family Living Wage

March 4, 2022

Workers’ wages keep falling amid inflation and unchanging minimum wage. NCR minimum wage is now just half of the family living wage.