CHART: Inflation for bottom 30 percent is at highest in nearly a decade

Edson Joseph Guido, ABS-CBN Data Analytics

Posted at Dec 07 2018 04:08 PM | Updated as of Dec 07 2018 04:45 PM

A man carries a water container near their home under a bridge. 

MANILA -- Inflation for the bottom 30 percent of households based on income quickened to 8.5 percent in the third quarter.

This implies that for the poorest households, inflation is highest in nearly a decade, or since the first 3 months of 2009.

Inflation for bottom 30 percent is at near 10-year high. ABS-CBN Data Analytics

Last October, inflation for the poorest households was at 9.5 percent, the same rate recorded in the previous month. This was more than the double the 3.4 percent annual increase in October 2017.

Inflation for the bottom 30 percent income households uses 2000 as the base year while inflation for all income households uses 2012 as base.

Inflation for bottom 30 percent is at near 10-year high. ABS-CBN Data Analytics