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What is Philippines Inflation Impact Analysis about?

Inflation in the Philippines has reached 6.4% in August 2018, the highest rate among ASEAN countries. This high inflation has weakened the Philippine peso, which closed at its lowest value against the US dollar in over 12 years. Rising prices of goods like rice are affecting consumers directly through higher costs of living. Inflation poses an obstacle to saving money, which is important for those from poor families who need to budget funds carefully. The current high inflation in the Philippines is negativ

Author

themangoburner

Language

EN