FILIPINO FAMILIES HAVE BEEN CUTTING back on their consumption to cope with double-digit inflation, according to a recent survey by Pulse Asia, Inc.
The survey showed that two in three households (66 percent) were "consuming less of and/ spending less on" food, while about one in four (24 percent) also said it cut back on rice consumption or spending.
Aside from food, Filipino households have also been consuming less of other items, such as electricity (53 percent), transportation and transport fuel (32 percent), and liquefied petroleum gas (31 percent).
Among households with cellphones (60 percent), about a fifth (22 percent) also said they reduced their cell phone pre-load expenses.
copied from: Philippine Daily INQUIRER, August 7, 2008, page 6
I can't put myself to think of what will be the economic situation here in the Philippines in the next 10 or 20 years. Everything is increasing, commodity prices, transport fuel, liquefied petroleum gas(LPG). And what? Jobs salaries aren't increasing to cope up with all the expenditure increase. It's sad to say, but cutting on all expenses is a practical approach for this matter, but it also increases the number of Filipinos being dragged to the poverty level of this country's socio-economic structure. It already had over half the population midline to poverty level before all this constant increase took place. I'm not sure if the government knows what they are doing in leading this country. Or are they busy filling their pockets with peoples money and compromising the quality of life for all Filipinos? (o_O)
The survey showed that two in three households (66 percent) were "consuming less of and/ spending less on" food, while about one in four (24 percent) also said it cut back on rice consumption or spending.
Aside from food, Filipino households have also been consuming less of other items, such as electricity (53 percent), transportation and transport fuel (32 percent), and liquefied petroleum gas (31 percent).
Among households with cellphones (60 percent), about a fifth (22 percent) also said they reduced their cell phone pre-load expenses.
copied from: Philippine Daily INQUIRER, August 7, 2008, page 6
I can't put myself to think of what will be the economic situation here in the Philippines in the next 10 or 20 years. Everything is increasing, commodity prices, transport fuel, liquefied petroleum gas(LPG). And what? Jobs salaries aren't increasing to cope up with all the expenditure increase. It's sad to say, but cutting on all expenses is a practical approach for this matter, but it also increases the number of Filipinos being dragged to the poverty level of this country's socio-economic structure. It already had over half the population midline to poverty level before all this constant increase took place. I'm not sure if the government knows what they are doing in leading this country. Or are they busy filling their pockets with peoples money and compromising the quality of life for all Filipinos? (o_O)
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