inflation

Cutting oil taxes will help control inflation

October 11, 2022

Oil product prices will be lower without oil excise taxes and the 12% VAT. The latest oil price hikes increase the price of gas to as high as Php79.52/liter and of diesel to as high as Php85.79. The oil excise tax and VAT amounts to Php19.54 and Php16.29 for gas and diesel, respectively.

High inflation confirms urgent need for real ayuda

September 8, 2022

Prices remain high, while ayuda has been slow, lacking and limited to only a few recipients. More increases are projected–it is insensitive and neglectful of the Marcos administration to make huge cuts in the ayuda budget.

Recovery stalls with Q2 GDP quarter-to-quarter contraction — IBON

August 11, 2022

Contrary to the new economic team’s hype, research group IBON said that the quarter-on-quarter contraction of the economy in the second quarter of 2022 shows that recovery remains weak and requires more determined government action. IBON said that reopening the economy is not enough because too many Filipinos are still jobless, earn too little, and […]

Marcos should admit 3-year high inflation to propose real solutions — IBON

July 6, 2022

Inflation is at its highest in three years, but instead of offering a real solution to soaring prices, the newly-installed Marcos administration is downplaying the severity of this and saying it is beyond government control.

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.

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.