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

Recent oil price rollbacks barely offset the several weeks of hikes. Should government be proactive and carry out the removal of fuel excise taxes, Filipino families will have money to curb the domino effect on increasing costs of living expenses.

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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.