SINCE the coronavirus pandemic, Filipinos have been seeing their money yielding fewer goods.
The Philippine Statistics Authority (PSA) reported early this month that headline inflation — the measure of overall national average inflation — decreased to 2.3 in October 2024 from 4.9 percent in October 2023. But the latest figure was an increase from 1.9 percent in September 2024. The PSA admitted that the uptrend in overall inflation was influenced by rising costs of food and non-alcoholic beverages, as well as transport, housing, water, electricity, gas and fuels.
