13 February 2019 – INFLATION HAS SLOWED DOWN, BUT PRICES CONTINUE RISING! – Economic officials are acting as if prices paid in markets have really gone down. True, the rate of inflation went down to 4.4% in January 2019, the slowest year-on-year in the past 10 months, and economic authorities say inflation rates will go back to projected 2-4% in 2019-2020. The reality is prices continue to rise, and workers and families continue to reel from the non-stop cuts in their buying power. They could afford to buy less and less every month. [Read more.]

Published by rudy Date posted on February 13, 2019

13 February 2019 – INFLATION HAS SLOWED DOWN, BUT PRICES CONTINUE RISING! – Economic officials are acting as if prices paid in markets have really gone down. True, the rate of inflation went down to 4.4% in January 2019, the slowest year-on-year in the past 10 months, and economic authorities say inflation rates will go back to projected 2-4% in 2019-2020.

The reality is prices continue to rise, and workers and families continue to reel from the non-stop cuts in their buying power. They could afford to buy less and less every month. 

Whatever adjustments the regional wages boards granted have been eroded even before workers could receive the first increases in their ATMs or pay envelopes. A high labor department official said P100 should have been desirable, but the tripartite regional boards decided otherwise.

Some indications of household difficulties, and negative implications on economic growth: Consumption has gone down, rents are being paid later, loans are not being paid, collection notes are rife in social media. Lending schemes, with rates much higher than “usurious” 5/6 have sprouted, sure to trap borrowers in debt months down the road.

If workers are not given the proper higher share in production and productivity, even the highly-touted ‘Build. Build. Build’ program will only produce low-paying jobs, benefit merely a few, and will not lead to the virtuous cycle of socio-economic growth.

June 2025

Philippine Environment Month!
“Action for Nature, for the Future!”


Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

Monthly Observances:

  1 Jun – World Day of Parents

  5 Jun – World Environment Day 

  7 Jun – World Food Safety Day 

  8 Jun – World Oceans Day

12 Jun – World Day Against
Child Labour

15 Jun – World Elder Abuse Awareness Day 

16 Jun – International Day of Family Remittances 

17 Jun – World Day to Combat Desertification and Drought

20 Jun – World Refugee Day 

25 Jun – Day of the Seafarer 

27 Jun – Micro-, Small and Medium-sized Enterprises Day

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

Categories