Inflation lower but poorest Filipino families still struggle with high prices
Inflation lower but poorest Filipino families still struggle with high prices
IBON.org
Families struggling with meager incomes still have to put up with high prices even amid lower inflation posted in February 2019. Research group IBON said that the poor majority of Filipino households are still having difficulty making ends meet with prices remaining high.
Philippine Statistics Authority (PSA) figures show that headline inflation slowed further to 3.8% in February 2019 from 4.4% the month before. It is now at the same level as it was in February 2018.
But lower inflation figures only mean that prices are rising at a slower pace, IBON noted. Consumers still face higher prices. From February 2018 to February 2019, the price per kilogram of commercial well milled rice rose from Php40 to Php44; white refined sugar from Php50 to Php60; fish (bangus) from Php140 to Php160; and pork (liempo) from Php235 to Php240.
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