A P1 in 2018 is now worth just P0.87 in 2022.
MANILA, Philippines– The Philippines’ inflation rate jumped to 6.1% in June, the Philippine Statistics Authority announced on Tuesday, July 5.
Inflation in Metro Manila is at 5.6%, lower than the national figure. But inflation outside the capital is at 6.3%. Filipinos may want to consider biking to work, as transport inflation jumped 17.1%. This is due to gasoline and diesel prices jumping by a whopping 53.9% and 92.5%, respectively. . Rice and fruit prices deflated by 0.2% and 4.8%, respectively.
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