For the past weeks, Filipinos have not only complained about the extreme heat levels but also the heated rise of inflation. On an international scale, the recently published Commodities Price Data of the World Bank likewise showed a mounting trend of inflation. Food inflation spiraled to 5.0 percent in the first quarter of this year from 3.4 percent in the previous quarter. Data from the First Quarter 2018 Social Weather Survey found adult joblessness at 23.9 percent (est. Inflation expectation: An upward trendInflation is not expected to ease immediately as rates in 2018 and 2019 are forecasted to go up.

Source: Philippine Star May 05, 2018 02:15 UTC