NCR family living wage as of February 2023 – IBON Foundation

March 17, 2023



The tiny decline of headline inflation to 8.6% in February 2023 is statistically insignificant and the highest inflation in 14 years is still eating away at the unchanged minimum wage. It’s even worse for the poorest 30% of the population who are battling 9.7% inflation which is the same as in January and the highest in 15 years.




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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.

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