Understanding inflation: its impact and strategies for coping

By Melvin Esteban

Jan 28, 2024 12:17 am

LET me give you a tip if you want to know a person's age and you are too embarrassed to ask for it. One discreet way is to ask how much was the lowest price of soft drink he remembers, or the lowest jeepney fare he can remember. From there, I'm sure you will already have a good idea of how old the person is.

For me, I can remember that the price of Coke was only 85 centavos when I was in Grade 1. And when I was in first year college, jeepney fare was only P1. So that gives you a rough idea of how old I am.

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