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    Title - Addressi-WPS Office

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    Josh Bejerano Bayoca
    Inflation in the Philippines has surged recently, driven by rising global oil prices, supply chain issues, and higher food costs. This document discusses the factors contributing to inflation in the country as well as its negative impacts on the economy and society, particularly on vulnerable groups. To address inflation and protect the less privileged, the author argues that policymakers should implement measures like monetary policy, supply chain management, and social assistance programs to promote price stability while ensuring sustainable economic growth and social welfare.

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    Title - Addressi-WPS Office

    Uploaded by

    Josh Bejerano Bayoca
    31 views2 pages
    Inflation in the Philippines has surged recently, driven by rising global oil prices, supply chain issues, and higher food costs. This document discusses the factors contributing to inflation in the country as well as its negative impacts on the economy and society, particularly on vulnerable groups. To address inflation and protect the less privileged, the author argues that policymakers should implement measures like monetary policy, supply chain management, and social assistance programs to promote price stability while ensuring sustainable economic growth and social welfare.

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    Title_ Addressi-WPS Office

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    Inflation in the Philippines has surged recently, driven by rising global oil prices, supply chain issues, and higher food costs. This document discusses the factors contributing to inflation in the country as well as its negative impacts on the economy and society, particularly on vulnerable groups. To address inflation and protect the less privileged, the author argues that policymakers should implement measures like monetary policy, supply chain management, and social assistance programs to promote price stability while ensuring sustainable economic growth and social welfare.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    31 views2 pages

    Title - Addressi-WPS Office

    Uploaded by

    Josh Bejerano Bayoca
    Inflation in the Philippines has surged recently, driven by rising global oil prices, supply chain issues, and higher food costs. This document discusses the factors contributing to inflation in the country as well as its negative impacts on the economy and society, particularly on vulnerable groups. To address inflation and protect the less privileged, the author argues that policymakers should implement measures like monetary policy, supply chain management, and social assistance programs to promote price stability while ensuring sustainable economic growth and social welfare.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Addressing Inflation in the Philippines

    Promoting Price Stability and Protecting the Vulnerable. Inflation refers to the sustained
    increase in the general price level of goods and services in an economy over time. It is often
    measured by the Consumer Price Index (CPI) and reflects the erosion of purchasing power. In recent
    times, the Philippines has experienced a surge in inflation, obligate the implementation of policies to
    promote price stability and protect vulnerable segments of society. Inflation has significant
    implications for the economy and society. It affects the cost of living, undermines consumer
    purchasing power, reduces investment, and can lead to economic instability. Therefore, addressing
    inflation is crucial for maintaining economic growth, ensuring social welfare, and protect the well-
    being of the population. Considering the recent surge in inflation in the Philippines, it is imperative to
    implement policies that promote price stability and protect the vulnerable segments of society.

    The factors contributing to inflation and the impact of inflation on the economy and society in
    the Philippines. The main drivers of inflation include rising global oil prices, supply chain disruptions,
    and higher food costs. According to the Philippine Statistics Authority (PSA, 2023), these factors have
    contributed to the recent inflationary pressures experienced in the country. Studies have shown that
    high inflation erodes purchasing power, reduces consumer spending, and can lead to decreased
    investment and economic instability. Research by Smith et al. (2022) highlights the negative effects of
    inflation on the economy, emphasizing the importance of addressing this issue.

    People argue that inflation can have positive effects on the economy. By reducing the real
    burden of debt and incentivizing spending and investment, inflation can stimulate economic growth.
    This viewpoint is supported by Friedman (1968), who suggests that moderate inflation can be
    beneficial in certain circumstances. However, it is important to consider the negative consequences of
    high inflation, particularly on low-income individuals and vulnerable groups. Research conducted by
    Ravallion (2018) indicates that inflation disproportionately affects the poor, as they spend a larger
    proportion of their income on necessities.

    JOSH B. BAYOCA ACADEMIC WRITING #7 EAPP

    GRADE12 VICTORY POSITION PAPER 06/06/2023


    Inflation poses significant challenges to the Philippine economy and society, affecting the cost
    of living and overall economic stability. Rising global oil prices, supply chain disruptions, and higher
    food costs are among the factors driving inflation in the country. High inflation undermines purchasing
    power, reduces consumer spending, and can lead to economic instability, negatively impacting low-
    income individuals and vulnerable groups. To address the issue of inflation and protect vulnerable
    segments of society, policymakers should focus on implementing measures such as monetary policy,
    supply chain management, and targeted social assistance programs. Through these efforts, price
    stability can be promoted, mitigating the impact of inflation on the less privileged. By adopting a
    comprehensive approach, the Philippines can achieve sustainable economic growth while ensuring
    the welfare and well-being of its citizens.

    JOSH B. BAYOCA ACADEMIC WRITING #7 EAPP

    GRADE12 VICTORY POSITION PAPER 06/06/2023

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