Inflation is causing economic strain by acting as a regressive tax on low-income households, while potential wage hikes could fuel future price increases.
1 report, 1 independent
Updated Jul 21
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What happened
Inflation is causing economic strain by acting as a regressive tax on low-income households, while potential wage hikes could fuel future price increases.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Government of the Philippines is considering tax hikes on vice products like sugary drinks and alcohol, which may dampen consumption growth.Sub-event
Inflation impacts low-income groups and potential wage hikes could restart price increases.1 source
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The entities involved
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inflation
theory of rapid universe expansion
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Philippines
archipelagic country in Southeast Asia
Related events
- Inflation and rising essential costs are impacting the general economic situation in the Philippines.
- The Bangko Sentral ng Pilipinas is facing weak growth and accelerating inflation pressures due to oil price shocks.
- Inflation raises the principal of TIPS holdings, and principal increases may push benefits into higher tax brackets.