Falling real wages, more expensive food (as of July 2023)

The inflation rate being lower in July 2023 means prices went up slower for some commodities. From July 2022-2023 the price of rice, several vegetables and fishes became costlier, still hurting the pockets of poor, lower-income and middle class families.

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IBON Foundation

IBON Foundation is a non-stock, non-profit development organization. We have been serving the Filipino people through research and education since 1978. IBON seeks to promote an understanding of socioeconomics that serves the interests and aspirations of the Filipino people. We study the most urgent social, economic, and political issues confronting Philippine society and the world.