Reposted by KMU Southern Mindanao
The 8.2% inflation suffered by the poorest 30% of households exposes the deeper crisis of low wages, insecure jobs, and inadequate social protection that leaves families extremely vulnerable to every new price shock.
#PresyoIbaba #SahodItaas #PeopleEconomics
ibon.org
High prices expose crisis of low incomes
Price increases translate immediately into hunger, deprivation and debt when wages are too low, jobs are insecure and families have little protection against economic shocks.
