'Based on these preliminary poverty statistics, the poverty situation in the country has returned to its pre-pandemic level,’ the Philippine Statistics Authority says
This is AI generated summarization, which may have errors. For context, always refer to the full article.'Based on these preliminary poverty statistics, the poverty situation in the country has returned to its pre-pandemic level,’ the Philippine Statistics Authority saysHowever, in terms of magnitude, the 2023 figure translates to about 3 million poor families, which merely mirrors the pre-pandemic level of 3 million poor families in 2018.
The Philippine Statistics Authority defines the poverty rate, or poverty incidence, as the “proportion of Filipino families with incomes that are insufficient to buy their minimum basic food and non-food needs as estimated by the poverty threshold.”In 2023, 2.7% of Filipino families were classified as food poor, an improvement from 3.9% in 2021 and 3.4% in 2018. Similarly, 4.3% of individuals were considered food poor in 2023, down from 5.9% in 2021 and 5.2% in 2018.
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