Inflation Pressures Bolster Case for Wage Hikes in Philippines
Society

Inflation Pressures Bolster Case for Wage Hikes in Philippines

Despite a modest easing in May, inflation in the Philippines remains high, eroding workers' real wages. Analysts argue that rising living costs strengthen the case for wage adjustments.

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  • BSP Vows Action to Bring Inflation Back to Target Amid Easing Price Growth

    The Bangko Sentral ng Pilipinas (BSP) affirmed its readiness to implement necessary policy actions to bring inflation back to its 3% target, despite a more-than-expected slowdown in May. The central bank acknowledges persistent medium-term price pressures, including those from the Middle East situation.