Based on the Philippines Statistics Authority website, the Filipino population as of May 1, 2020, is at 109 million, 35 hundred thousand three hundred 43.
Interestingly, the average Inflation rate 4 years ago (wayback 2018) is at 5.2 percent…
Last 2019 and 2020 - both years at 2.4 percent..
Last year 2021.. it's  At 3.9 percent… take note that those rates were averaged every end of year, meaning each month of each year - - there are corresponding inflation percentage which then summed up in total and divided it by 12 to achieve the Yearly inflation rate of the country…
What is alarming for this year 2022 (which we're at halfway thru the year… the inflation rate is already at 6.1 percent!
This is the highest recorded inflation since October 2018.

(PART 1) References lifted from www.thebalance.com/what-is-inflation

Definition and Example of Inflation
Inflation is a sustained upward movement in the overall price level of goods and services in an economy. It corresponds with a loss of purchasing power for a currency that's utilized within the economy. It takes more currency units to buy the same amount of goods and services as a result. Your money buys you less, be it bread, toothpaste, rent, or medical services.
Inflation causes a decrease in purchasing power when prices rise more quickly than wages increase. It forces individuals to spend more dollars, euros, or other forms of currency to buy necessities, which can put the average consumer in a financial pinch.


# 1 Inflation is a general increase in the price level of goods and services over time.
It's caused by demand-pull or cost-push inflation.
# 2Inflation can hurt everyday consumers, savers, and fixed-income investors, but it can help borrowers and lenders in certain cases.
#3Inflation is the opposite of deflation, which is marked by a general decrease in the prices of goods and services.


Our part 2 of this episode will air next week, dropping the final installment this Coming Tuesday.
We'll get to know some Tips on how to combat and survive high inflation rates - curated from the comments in PH Invest Subreddit.
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Im your host Othello… until next time.

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