prices

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 […]

DTI scrapping of SRP harmful to consumers–IBON

July 1, 2017

Research group IBON said that the trade department’s order to give the private sector the free rein in determining the price of basic goods will harm consumers especially the poor majority. This is a form of deregulation whereby the government reneges on its responsibility to regulate the price of  basic goods and protect consumers, the […]