May 7, 2023
The Philippine inflation rate has further eased in April after the 14-year high of 8.7% in January, but it will likely remain high and volatile because the government has not taken decisive steps to lower prices.
January 5, 2023
December inflation has pushed the family living wage (FLW) for a family of five to an average of Php1,146 nationwide. The average daily nominal wage of Php404 nationwide is just one-third (35.3%) of the nationwide FLW. In the National Capital Region (NCR), the FLW for a family of five rose to Php1,145. The daily nominal wage in NCR is however not even half (49.8%) this.