In August, our inflation rate was at 6.3%, which spiked to 6.9% in September. The year’s average is now projected at 5.1%. The prices of food, basic items, and utilities have gone up remarkably. Know more:
led to an increase in PUV fares and transport costs. The forecast for the rest of the year does not seem positive as economic experts expect the inflation rate to remain elevated through the holidays.
National Economic and Development Authority Undersecretary Rosemarie Edillon said that it is important to lower the demand and increase the production of goods. This means more Filipinos have to learn to live more simply, especially during the Christmas season when people are expected to buy more or spend more. We are used to lavish celebrations and expensive purchases, at least for those who have regular salaries and bonuses. More Filipinos need to tone it down a bit this year.
It is also true that there are more Pinoys who are having a hard time making ends meet. The rate of unemployment is up and the economic effects of the Russia-Ukraine crisis are being felt in many areas of our lives. Many families simply don’t have the purchasing power or the money needed to buy holiday food to celebrate Christmas “simply.” For them, it is a daily struggle to put food on the table, holiday season or not.
Shambala Silang is located in Purok 5, Pulong Bunga, Silang, Cavite. It’s a refreshing destination that offers al fresco dining. Tawid Gallery inside Shambala Silang is a living museum and art gallery that features Filipino and indigenous art. You’ll enjoy the cool weather, lush gardens, authentic Ifugao huts, dap-ay and amphitheater, and more. The place itself is a work of art. To schedule a visit, send them a message via their Facebook page .
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