Thursday, August 7, 2008

The inflation

Source : http://www.mb.com.ph/MAIN20080807131845.html


To cope with double-digit inflation, says survey Families cutting back on food due to inflation.


The country's inflation has been increasing and now, it already reached 12.2percent. Price of food,transportation, and clothes etc. keep on rising. but the salaries and wages of people seems to be so stable that no increase are seen. It is so sad, that the paupers would suffer the poverty more and more. As said in the news, 3% of households surveyed said that the price increases did not have much effect of them for their incomes could handle the increases. Disparity of wealth and poverty would increase as well. It's going to be a rainy season soon. I just hope that people here not be harmed.

7 comments:

FRANZ LIM said...

govt officials, DO THE RIGHT THING PLEASE. we depend on you. MAKE CHANGES!!!

hryan24 said...

I think we need to find a balance to this inflation and the salaries/wages of the people because we just can't let this continue any longer, we are risking too much for very little, we need to make a change now.

Jugo said...

As long as inflation still persists, it's almost inevitable that people will be harmed.

jmak said...

The effects of inflation continue to get more evident. It is getting harder and harder for people to survive because of the rapid increase in prices of goods. Even the rich find it difficult to afford gas prices these days because it's just too much. Many people are affected and suffer since even basic needs like food appreciate in cost. I think the government should do something about it.

smokie1 said...

inflation rates are highest elections becasue buisness men know that politicians gave lots of benefits to the poor if you know what i mean

jc89 said...

Life now is already hard, we see a lot of people in the streets begging for money and food to eat.
Having a single regular job might no longer be enough to have a good life (a life with extra money to spend).
If this inflation still continues to increase and if the salaries still remains the same, then we could expect more crimes to happen; because people will become more desperate in order to find money and survive.

lamlamlamlamlam said...

inflation must be kept at a single digit. if there is 0% inflation, the economy would be stagnant, no economic activities and no benefits. Officials must make a move!