Cash subsidies for poorest households urgent as inflation reaches 21-month high

Research group IBON said that the higher December 2020 inflation figures underscore the urgency of giving poor and low-income families additional emergency cash subsidies. The group noted that the December 2020 inflation rate of 3.5% is the highest inflation in 21 months, and even higher for the poorest 30% of Filipino households at 4.3 percent.

The faster increase in prices is all the more burdensome due to record joblessness and decreasing incomes amid the pandemic lockdown, the group said.Philippine Statistics Authority (PSA) data show that the December inflation rate is the highest since March 2019. The prices of food and non-alcoholic beverages rose the fastest at 4.8% last month from 4.3% in November 2020. Inflation in health and transport was also higher at 2.6% and 8.3%, respectively.

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Cash subsidies for poorest households urgent as inflation reaches 21-month high

Cash subsidies for poorest households urgent as inflation reaches 21-month high

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