In November 2008, inflation was at 9.1% because it was also the period of the global financial crisis. Today, we’re at 8.7% alongside a P13.4 trillion sovereign debt with no signs of plummeting, but nevertheless, we have unity, so we will survive, right? 😊
BREAKING: The Philippines’ inflation rate soars to 8.7% in January 2023, from 8.1% in December 2022. This is the highest since November 2008’s 9.1%.
More soon on https://t.co/yXmiuhNXBk.
Shortages in the Philippines right now:
1. Sugar
2. Salt
3. Onions
4. Classrooms (91,000)
What we DO NOT have a shortage on however are parties attended by politicians and the current resident in Malacañang.
#GalawangMarcos#LetThemEatCake
So, prices of food and fuel are soaring, people are hardly getting by without decent pay, farmers are still struggling to sell their harvest, there’s a spike in COVID-19 cases– and your pet bill is renaming an airport? Really, in this economy?!