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    Editorial Inflation by Mimosa

    Uploaded by

    Capt Karli
    The document discusses inflation in the Philippines and whether the TRAIN law is responsible. It notes that prices for rice and other basic goods have risen sharply in recent months, straining many Filipino families' budgets. While the TRAIN law lowered some taxes, it also increased taxes on certain products. Two other factors contributing to inflation are rising global oil prices and the weakening peso currency. To curb inflation, the government and citizens need to save more and consume less, reducing overall demand in the economy. Ultimately, the document concludes that while TRAIN may have played a role, there is no single party to blame for the current price increases.

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    Editorial Inflation by Mimosa

    Uploaded by

    Capt Karli
    494 views2 pages
    The document discusses inflation in the Philippines and whether the TRAIN law is responsible. It notes that prices for rice and other basic goods have risen sharply in recent months, straining many Filipino families' budgets. While the TRAIN law lowered some taxes, it also increased taxes on certain products. Two other factors contributing to inflation are rising global oil prices and the weakening peso currency. To curb inflation, the government and citizens need to save more and consume less, reducing overall demand in the economy. Ultimately, the document concludes that while TRAIN may have played a role, there is no single party to blame for the current price increases.

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    The document discusses inflation in the Philippines and whether the TRAIN law is responsible. It notes that prices for rice and other basic goods have risen sharply in recent months, straining many Filipino families' budgets. While the TRAIN law lowered some taxes, it also increased taxes on certain products. Two other factors contributing to inflation are rising global oil prices and the weakening peso currency. To curb inflation, the government and citizens need to save more and consume less, reducing overall demand in the economy. Ultimately, the document concludes that while TRAIN may have played a role, there is no single party to blame for the current price increases.

    Copyright:

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

    Editorial Inflation by Mimosa

    Uploaded by

    Capt Karli
    The document discusses inflation in the Philippines and whether the TRAIN law is responsible. It notes that prices for rice and other basic goods have risen sharply in recent months, straining many Filipino families' budgets. While the TRAIN law lowered some taxes, it also increased taxes on certain products. Two other factors contributing to inflation are rising global oil prices and the weakening peso currency. To curb inflation, the government and citizens need to save more and consume less, reducing overall demand in the economy. Ultimately, the document concludes that while TRAIN may have played a role, there is no single party to blame for the current price increases.

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    Editorial Writing (English)

    By: Mimosa Villarin

    Inflation spikes: Is TRAIN to blame?

    We’re once again strangled by the despots we are


    experiencing right now. Rice prices are at a 3-year high.
    Suchlike, the increase in prices of basic commodities, not only
    sugared and luxury goods. Gas pump prices now swell between
    55 pesos to 60 pesos per liter. The menu prices of most of the
    Restaurants and food stall have now revised. With this recent
    Inflation spikes most of the Filipinos’ weekly budget for
    groceries, especially in the poor sectors might buy fewer items
    than before. Lots of Filipinos are dazing with this recent
    acceleration of prices, which is no relief in sight. Why is it all
    happening? What should we have to do to cushion its impact?
    Which is especially the government must do also. Is TRAIN law
    need to blame with this?

    On January 1, was the implementation of the Tax


    Reform for Acceleration and Inclusion (TRAIN) law. The law
    aims to reduce the personal income taxes of the citizens. Its
    implementation relates to the fact that those having an annual
    taxable income of 250, 000 pesos and below at least 21, 000
    pesos a month is now exempted from personal income tax.
    However, those people who have a taxable income of 250, 000
    pesos above would be opted to tax rate.
    Whereas, while TRAIN law cuts some taxes it also
    increases taxes on some products. Thus, increase of the
    inflation rate happens.

    According to the research, the two international


    factors that could explain the reason of this inflation spike are
    the recent surge in oil prices and the weakening of the peso. On
    the other hand, world oil demand is higher because of the
    economic growth worldwide is so quick. In the Philippines,
    higher world oil prices have been particularly painful because of
    the weaker peso and TRAIN. The weaker peso elaborates the
    impacts of the higher oil prices. Hence, this weaker peso is now
    at a 12-year low.

    At this point, the government can do to minimize its


    impact is by inducing households to save more and more
    consume less, which is the only thing the Filipinos must do also.
    Reduce the overall demand in the economy and prevent prices
    from rising further. In short, there is no one to blame for the
    law’s scarcity other than themselves.

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