Best Posts in Thread: Inflation Rates and Economic Problems

I know many here out of Dumaguete (around the Malatapay Markets) are complaining about the price of Vegetables, Meat, Livestock and other goods. Usually my Grocery Shopping at Hypermart is pretty set with what we buy, and I have noticed over maybe the past 6 months or so, our Bill has risen from 10,000php for a Months worth of Groceries to around 13,000php. Makes me wonder how the local people continue to support the President with what is happening when their lives are suffering so much as a direct result of this. I can absorb it, but how the hell does the little guy who works his @ss off for a pittance survive this? Even if it gets better I would bet that prices stay high.

 

With the Euro above 60 (currently close to 64! ) im a happy camper. Especially since the rent has stayed the same so far

 

Interesting read that ties inflation to the price of oil and weakening of the peso. Look at how closely it matches the cost of oil.

https://www.rappler.com/thought-lea...easons-philippine-inflation-now-highest-asean

For those math majors have a look at this.

The soul-searching, plaintive question, then, that Pinoy-philes have been asking is, Why has this happened to a nation so full of promise, to a people who believed— believe(!)—themselves to be so particularly blessed? In searching for answers, instead of delving into economic history, this essay takes an altogether different tack. It sets out to obtain a fresh look at the Philippine economy by adopting the comparative approach and long-term lens of the relatively new discipline of growth economics, using its models and tools of analysis. In addition, it interprets the data in the light of recent findings in and perspectives of modern development economics.

Why has the Philippines Remained a Poor Country? Some Perspectives from Growth Economics
https://www.econstor.eu/obitstream/10419/46668/1/538098074.pdf

 

All a bit confusing for me (mild brain injury that muddles me up at times) so can you explain in layman's terms for me;
As Inflation rises in the Philippines, the Pesos drops and Foreign currency rises. So in a way we Foreigners seem to balance out and soak up the Inflation here with the rise in our own currency. Is this correct or do I have the Bull by the t*ts?

 

Certainly the USD has been doing very well in recent years - since about 2008 when the global credit crisis started ..... in the US.

The GBP has, of course, been doing especially badly due to the uncertainties over Brexit. But all fights for freedom cost money.

 

And yet the Aussies, Brits, Germans, Canucks and others do not see any difference from what we were getting long ago. So that says more about the US dollar than the peso.

 

In other news, the dollar vs the peso is the highest I have seen since I have been here. That can't be helping inflation. Maybe this is the reason for people complaining about rising prices in restaurants here.