It was recently announced that the inflation in the Philippines rose to 4.5%. You may refer on the article here.
According to the article, the inflation was caused by the increasing prices on clothes, fuel, and utilities.What does it mean?
Your P1,000 pesos last year is worth only P955 pesos now. Your average expense last year has most likely increased by 4.5% now.
Well I hope the movie tickets are still being sold at the same price. They are already too expensive. L
