Rising inflation, particularly in food prices, poses a significant challenge to the Philippines' development goals. The article highlights the impact of food inflation on Filipino consumers, especially the poorest households, and warns that malnutrition among children, a critical segment of the future workforce, could hinder the country's progress.
The inflation data released by the Philippine Statistics Authority recently showed the immense challenges confronting policymakers in preparing the country’s future workforce . Last week, the national statistics agency reported that the inflation print in December 2024 caused the value of a hundred peso to erode.
This does not bode well for the state’s efforts to reduce hunger and eliminate malnutrition particularly among children –the future workforce of the country. A report released by Unicef in June 2024 revealed that the Philippines is still one of the countries that account for 65 percent of the total number of children living in severe child food poverty.
INFLATION FOOD PRICES MALNUTRITION PHILIPPINE ECONOMY FUTURE WORKFORCE
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