Tag: inflation

2018 inflation highest in 10 years amid slowing growth — IBON

January 4, 2019

Inflation for 2018 is more than double the Duterte administration’s original inflation target for the year and the highest in a decade, research group IBON said. Along with slowing economic growth, this further points to the failure of government’s economic managers to rein in consumer prices and of its neoliberal policies, such as the Tax […]

2018 Yearender: Are You High? The Economy Isn’t

December 31, 2018

by Sonny Africa Executive Director, IBON Foundation The Duterte administration’s economic managers made some odd statements as the year wound up. Economic planning secretary Ernesto Pernia said “the Philippine economy became stronger and even more resilient than ever”. Finance secretary Carlos Dominguez III insisted on “the soundness of the Duterte administration’s economic development strategy”. Bangko […]

Next fuel excise tax tranche will sustain high prices

December 13, 2018

Read more: Despite rollbacks, TRAIN makes fuel more expensive–IBON

High prices still burden poor despite inflation slowdown–IBON

December 5, 2018

On the release of the November 2018 inflation rate, research group IBON said that prices are still high and rising even with the reported slowdown. This remains a burden on poor families trying to live off low and precarious incomes. Substantial and longer-term solutions are still needed, said the group. Headline inflation slowed to 6.0% […]

Arrest education workers’ rapidly eroding incomes, gov’t urged

November 16, 2018

The salaries of education workers are being battered by unprecedented rising prices, research group IBON said. The paltry increases, which even came in trickles under Executive Order 201, have already been eroded since they were applied in 2016, said the group. In a media forum, IBON executive editor and research head Rosario Bella Guzman said […]

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 […]