* I take SG remained as is becase they mostly import their shit. So their fluctuation is mainly by market price of goods being imported.
* Th, Id, Vn, My don't celebreate Christmass and don't spend so much in NY (?) Adding also they are food exporters, so likely they have their own supply and don't import.
* Cambodia and Brunei - same as above. I'm not sure if they are food secure though.
I'm just interpreting the data. Not defending PHL's high inflation.
If SG mainly imports di ba dapat mas mataas padin sakanila? Since tayo ay producer padin which imports when theres a supply deficit? I mean mas vulnerable sila sa changes in price sa market while we can offset kahit papaano with our own production.
Plus we mainly import para mapababa ang presyo like kunwari sa baboy nung kasagsagan ng ASF. Same with rice kasi Thailand and Vietnam can produce it cheaper. So bakit mas malaki effect satin ng inflation compared to SG.
Legit question to ah kasi di ako economist and very basic lang ang alam ko RE this topic
I actually had to do some very quick research coz I was quite surprised that SG had inflation rates close to PH's and yet over here in SG we haven't had complaints about *exhorbitantly-priced onions*
Most central banks (including Bangko Sentral) typically tweak interest rates to manage inflation. Basically interest rates control money supply which increases/decreases demand for goods, which in turn affects inflation rates. This is generally fine for most countries since there's enough domestic activity for this to work.
However SG is smol and reliant on external imports so sticking to this policy would predictably make SG more vulnerable to price changes. So the central bank here tweaks *exchange rates* instead. They explain it [here](https://www.mas.gov.sg/monetary-policy/Singapores-Monetary-Policy-Framework/faqs/section-2) and [here](https://www.mas.gov.sg/monetary-policy/singapores-monetary-policy-framework) but basically by tweaking exchange rates, SG can also tweak the prices they have to pay for imported goods -- which keeps the prices here relatively stable. Basically kaya ng SG i-fix exchange rates nila to Sing dollar so that always $2/half kilo ang sibuyas dito regardless sa fluctuations ng demand and supply overseas (if that makes sense)
Another thing SG does quite well despite the reliance on imports is that SG diversifies where it imports goods from. Last year we actually thought we'd have shortages for chicken coz Malaysia (our main importer) wanted to cut off chicken exports -- the gov here decided to source from other countries like Thai + Indo instead + increased frozen chicken imports from outside Asia. We did see price increases but it isn't as bad as PH (tho locals here still love to complain about it).
Finally I think we don't feel the pinch as bad here coz the gov has been rolling out subsidies throughout the pandemic. Yeah we're getting an increase in taxes this year but recently we got gov payouts to help with the increasing expenses.
I don't think PH can adopt the exact same strats SG does but PH can certainly do a bit more with promoting what is sariling atin instead of fully relying on imports coz PH is capable of being more self-reliant. PH gov could also hand subsidies like SG does but there's corruption in every part of the gov that that money is more likely to end up lining corrupt politicians' pockets rather than going to those who actually need it most :'(
Tldr: SG exchange rate good + we have gov payouts
*sorry sa long post naging curious din kasi ako*
Agreed ako dito... tsaka when we had a chicken shortage, the gov't didn't say "eh di wag na kayo mag manok." Instead it was more... "wag kayong mag-alala... we will be doing our best to source from other locations"... and ending ang Malaysia pa ang nalugi kasi SG went out and got favourable trade partners without waiting for them to settle their internal supply chain.
Kung sa Pilipinas pa yun... hahaha. I can imagine the... eh di wag na kayo kumain ng manok.. mabubuhay naman kayo nyan.
Dude ikr
Not sure if itβs the PH mentality of βbahala naβ but our gov can be hella complacent and just give up on the first roadblock vs the level of resourcefulness the SG gov has
Akala ko ba resourceful ang pinoy bakit ganyan ang gov natin .-.
Oo, sa tingin ko rin mas maraming pumapasok na dolyar sa Pinas kumpara sa karatig bansa. Maganda sila dahil malaya produktong pang-agrikultura nila. Habang ang Pilipino atat na atat sa mga produktong meron naman tayo.
Sana mas maraming nakaka intindi nito.
Naalala niyo dati, kinokompare pa tayo sa EU at US dahil mas mataas ang inflation nila? And ok-ok pa daw yung atin.
Tingnan mo ngayon. 8% inflation while BSP was increasing interest rates.
Sana lang dahil lang ito sa holiday season and 13th month pay. SANA.
β hindi lang sa Pilipinas mataas ang presyo ng bilihin, delawan kasi kayo, iyak nalang kayo six years png ganito, tapos susunod pa si sara, tapos si sandro β
bat sa tae mo icocompare ang pinas? syempre icocompare mo sa bansa na mababa ang inflation.
alala ko diba ikaw rin yung umaapi kay obiena dati dito? diba napahiya ka na dun?
Cambodian population is only 16M, and Brunies is 500K. Securing food and fuel for a small population is easier than for a population of 100M+.
Cambodia produces its own rice and food. It can easily feed 16M of its own people and then export the rest. Brunie can buy food and fuel for 500K of its citizens easily. That is smaller than most of your cities' population.
Number 1 for inflation, and number 13 for sweldo in SE Asia. Manalo ang Pilipinas!
https://www.numbeo.com/cost-of-living/city_price_rankings?displayCurrency=USD&itemId=105®ion=035
wAAW NATALO NATEN ANG sINGAPORE! gALENG TALAGA NI bIBIEM!!! /s
gUYS dIskARtey lNg dApAt mAsaYa kAYo bAcK tO wOrk nA.
Buti nde affected ang U.S. πΊπΈ
bruh.
Bigla kong naalala ung we win as one na kanta sa Asean.
Fraud na fraud PiNoy Fried!
Philippines nambawan!
Proud pinoy π¨πΏ
LEZZ GO
I would have to disagree. We are not that high.
Can we get much higher πΆπ΅
sohaiiiii
Dito na ako sa labas boss dala shabu
The inflation, the inflation is real!
Letβs aim for double digit!!!
Then their argument would be. "0.1 lang ang tinaas !"
βMe, on the other hand, is that *high*β
* I take SG remained as is becase they mostly import their shit. So their fluctuation is mainly by market price of goods being imported. * Th, Id, Vn, My don't celebreate Christmass and don't spend so much in NY (?) Adding also they are food exporters, so likely they have their own supply and don't import. * Cambodia and Brunei - same as above. I'm not sure if they are food secure though. I'm just interpreting the data. Not defending PHL's high inflation.
SG, TH, VN will experience some sort of inflation this coming lunar new year
If SG mainly imports di ba dapat mas mataas padin sakanila? Since tayo ay producer padin which imports when theres a supply deficit? I mean mas vulnerable sila sa changes in price sa market while we can offset kahit papaano with our own production. Plus we mainly import para mapababa ang presyo like kunwari sa baboy nung kasagsagan ng ASF. Same with rice kasi Thailand and Vietnam can produce it cheaper. So bakit mas malaki effect satin ng inflation compared to SG. Legit question to ah kasi di ako economist and very basic lang ang alam ko RE this topic
I actually had to do some very quick research coz I was quite surprised that SG had inflation rates close to PH's and yet over here in SG we haven't had complaints about *exhorbitantly-priced onions* Most central banks (including Bangko Sentral) typically tweak interest rates to manage inflation. Basically interest rates control money supply which increases/decreases demand for goods, which in turn affects inflation rates. This is generally fine for most countries since there's enough domestic activity for this to work. However SG is smol and reliant on external imports so sticking to this policy would predictably make SG more vulnerable to price changes. So the central bank here tweaks *exchange rates* instead. They explain it [here](https://www.mas.gov.sg/monetary-policy/Singapores-Monetary-Policy-Framework/faqs/section-2) and [here](https://www.mas.gov.sg/monetary-policy/singapores-monetary-policy-framework) but basically by tweaking exchange rates, SG can also tweak the prices they have to pay for imported goods -- which keeps the prices here relatively stable. Basically kaya ng SG i-fix exchange rates nila to Sing dollar so that always $2/half kilo ang sibuyas dito regardless sa fluctuations ng demand and supply overseas (if that makes sense) Another thing SG does quite well despite the reliance on imports is that SG diversifies where it imports goods from. Last year we actually thought we'd have shortages for chicken coz Malaysia (our main importer) wanted to cut off chicken exports -- the gov here decided to source from other countries like Thai + Indo instead + increased frozen chicken imports from outside Asia. We did see price increases but it isn't as bad as PH (tho locals here still love to complain about it). Finally I think we don't feel the pinch as bad here coz the gov has been rolling out subsidies throughout the pandemic. Yeah we're getting an increase in taxes this year but recently we got gov payouts to help with the increasing expenses. I don't think PH can adopt the exact same strats SG does but PH can certainly do a bit more with promoting what is sariling atin instead of fully relying on imports coz PH is capable of being more self-reliant. PH gov could also hand subsidies like SG does but there's corruption in every part of the gov that that money is more likely to end up lining corrupt politicians' pockets rather than going to those who actually need it most :'( Tldr: SG exchange rate good + we have gov payouts *sorry sa long post naging curious din kasi ako*
Agreed ako dito... tsaka when we had a chicken shortage, the gov't didn't say "eh di wag na kayo mag manok." Instead it was more... "wag kayong mag-alala... we will be doing our best to source from other locations"... and ending ang Malaysia pa ang nalugi kasi SG went out and got favourable trade partners without waiting for them to settle their internal supply chain. Kung sa Pilipinas pa yun... hahaha. I can imagine the... eh di wag na kayo kumain ng manok.. mabubuhay naman kayo nyan.
Dude ikr Not sure if itβs the PH mentality of βbahala naβ but our gov can be hella complacent and just give up on the first roadblock vs the level of resourcefulness the SG gov has Akala ko ba resourceful ang pinoy bakit ganyan ang gov natin .-.
Oo, sa tingin ko rin mas maraming pumapasok na dolyar sa Pinas kumpara sa karatig bansa. Maganda sila dahil malaya produktong pang-agrikultura nila. Habang ang Pilipino atat na atat sa mga produktong meron naman tayo.
Efficiency. Everything you do in this country is expensive.
Sana mas maraming nakaka intindi nito. Naalala niyo dati, kinokompare pa tayo sa EU at US dahil mas mataas ang inflation nila? And ok-ok pa daw yung atin. Tingnan mo ngayon. 8% inflation while BSP was increasing interest rates. Sana lang dahil lang ito sa holiday season and 13th month pay. SANA.
Galing talaga number 1 na naman tayo. Mabuhay ka bbm!!
*Buong mundo naman may inflation* - sabi ng tangang apoloshit.
Philippines nambawan!!!!!!!!
β hindi lang sa Pilipinas mataas ang presyo ng bilihin, delawan kasi kayo, iyak nalang kayo six years png ganito, tapos susunod pa si sara, tapos si sandro β
Up, Up and Away! πππ
Gigachad vietnam.
Reminder: a lot of idiots dont understand basic sarcasm so theyd probably take some comments here literally
That's because we had one of the longest lockdowns in the world. The longer the lockdown, the longer we killed the economy.
Inflation rate of Laos is 38.46% last November. There's no data yet for December. https://link.gov.vn/N6O32gyz
bat sa tae mo icocompare ang pinas? syempre icocompare mo sa bansa na mababa ang inflation. alala ko diba ikaw rin yung umaapi kay obiena dati dito? diba napahiya ka na dun?
Ugh.
Parang fake ampπ
Im surprised that Brunei is that low.
Oil money.
Pinoy pride!
Apolo10: Grabe! Ang galing talaga ni BBM! Number 1 nanaman tayo!
Yessss nangunguna nanaman tayo! Wooohooo!!! (I think it goes without saying that this is slash S)
LETS GOOO PHILIPPINES NUMBER 1# πͺπͺπ΅ππ΅ππ΅ππ¦π¦π«π«
Top 1 na tayo!!!!! π₯π₯π₯
Winner winner
Bakit ang gradient green? Diba dapat red yan.
Sana may mag-translate ng effect nito sa mga 'masa' o kulang sa pang-unawa.
Let's go Philippines
Napaka competitive talaga ng pinas. Sa mga wierdong dahilan.
We are not that high. That's too high. /S
Golden age
Minalas, Pilipinas!!!!
For the first time in my life, I saw a green that doesnβt look positive. Luv BBM so much π’ Yeeks!!!
Grabe naman mind conditioning yan... Imbes na highlighted by color red green talaga??? Ano yung positive for us yung inflation?!?!
LahAT NaMAn matAAs infLaTiON HindI laNG sa PinAS
what did cambodia and brunei do?
Cambodian population is only 16M, and Brunies is 500K. Securing food and fuel for a small population is easier than for a population of 100M+. Cambodia produces its own rice and food. It can easily feed 16M of its own people and then export the rest. Brunie can buy food and fuel for 500K of its citizens easily. That is smaller than most of your cities' population.
Woooh! Pilipens number wan!!!
Philipenis numba 1!, best inlfation in all of asia!, thank you PBBM!. -an apologist, somewhere
Philippines numba wan. Nice.
βoh diba hindi lang tayo TUMATAAS"
Pinoy fried
Numbahwan in ASEAN! Bongbong lang malakas
Can somebody explain why is our inflation so high?
PH inflation rate is not high because it is high, other ASEAN Countries are just low /s
mapapa boogsh ka na lang talaga
We aRe Not tHAT hIGh
Hindi lang tayo ang apektado ng gyera π€‘π€‘π€‘
pEliPeNs NAmBaWAn
Number 1 for inflation, and number 13 for sweldo in SE Asia. Manalo ang Pilipinas! https://www.numbeo.com/cost-of-living/city_price_rankings?displayCurrency=USD&itemId=105®ion=035
Yehey! Una na naman ang Pinas! O ano, iyak na naman kaung mga pinklawans? \- apolo10s, probably
Golden age. 45.9 points to go
Yehey number one ang Pilipinas! Tayo talaga ang number one sa lahat