You’ve probably heard about it: prices of basic goods have been going up. Even if you don’t follow the news, you definitely feel its impact on your finances.
Inflation rose to 4.5 percent in April 2018, surpassing the government’s inflation target for the year. While some say the tax reform or TRAIN law implemented in early 2018 pushed up inflation, the government says TRAIN was not responsible for the price hikes.
With prices of basic commodities continuing to rise, how far can your income go to meet your family’s needs? How can you keep inflation from hurting your budget? Here are some tips on maintaining a household budget amid quickening inflation.
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