prices

Gone in 6 months due to inflation

September 9, 2018

Due to inflation, the poorest six deciles of Filipino families with monthly incomes ranging from Php7,724 to Php21,119 have suffered income losses of around Php1,455 to Php3,781 from January to August this year. #UpholdPeopleEconomics #IBON40 Read more:https://www.ibon.org/…/government-losing-control-of-economy-ibon/ https://www.ibon.org/…/poorest-60m-filipinos-suffer-income-loss…/

6.4% inflation hits poorest Filipinos the most

September 8, 2018

Long-term solution is to strengthen domestic agriculture and Filipino industry to provide cheaper food, goods and services in the domestic market, lessen imports, and lower pressure on the peso to depreciate. Reverse the privatization or commercialization of water, power, education and health that make these services more expensive for profit. These steps the Duterte administration’s […]

TRAIN-driven rising cost of living makes wage hike urgent

July 9, 2018

Research group IBON said that tax-driven inflation is making the meager wages of poor Filipinos fall even further behind the rising cost of living. The group said this makes it even more urgent for the government to immediately raise wages even as it revisits the Tax Reform for Acceleration and Inclusion (TRAIN) law behind the […]

Php750 minimum wage possible, non-inflationary and good for the economy–​IBON​

June 3, 2018

Contrary to government and big employers’ claims, research group IBON said that raising minimum wages nationwide to Php750 is doable, need not spike prices further, and will benefit millions of Filipino workers and the economy. The group cited the following reasons: Raising minimum wages nationwide to Php750 is doable if owners of establishments allow a […]

Severe Income Inequality in the Philippines

May 20, 2018

Despite being relatively high compared to other Asian countries, Philippine economic growth is lopsided in the interest of a few at the expense of the majority of poor Filipinos. High levels of wealth are concentrated in the hands of a few, while family incomes have stagnated in real terms, especially amid rising prices.

TRAIN-induced price increases are permanent—IBON

May 10, 2018

The inflation spike marks the start of increases​ driven by the Tax Reform for Acceleration and Inclusion (TRAIN)​ in the prices of basic goods and services for the next three years, research group IBON said. Further inflationary surges are likely to happen in 2019 and 2020 when the next two rounds of additional taxes on […]

Amid price hikes: Minimum wage insufficient vs. rising family cost of living — IBON

April 20, 2018

The onslaught of price hikes since early this year has made the mandated minimum wage in the National Capital Region (NCR) even more inadequate for millions of Filipino workers to decently support their families, said research group IBON. IBON computations show that the NCR nominal minimum wage still falls considerably short of the rising family […]

January inflation partially due to TRAIN—IBON

March 2, 2018

No cash transfers to cover January inflation, with prices going even higher in the months and years to come The Department of Finance (DOF) said that January inflation was not caused by the Tax Reform for Acceleration and Inclusion (TRAIN) law. Research group IBON however points out that the new tax program definitely contributed to […]