INFLATION - PHILIPPINES

This article is not meant to malign the two big fastfood chains in our country. This just to inform (the BIR –Kim Henares, and our dear President – Benigno Aguino, III and encouraging people to know ) everyone how I experienced the effect of inflation first hand. Based on the definition provided by investopedia.com, Inflation is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. The most recent recorded inflation rate in our country (September 2014) is 4.4 percent. This roughly means that if I have 1000 today, it's purchasing power is reduced and now becomes just 956 pesos. I don’t know if its accidentally or Yesterday, I decided to buy food at Jollibee, and I ordered what I often eat there regularly and there I noted that they had increased their prices. My order now costs two pesos more. Later that day, I dropped by and decided to buy from Jolibees' fiercest competitor, and behold they implemented a price increase as well. The food that I want also costs two more pesos compared to its last month's price. Indeed, the increase may be measly but I can't help and think about it's summated effect on my monthly budget. If I just order food on that price range twice a day, I would have increased my food expenditures by 120 pesos per month. My salary has not yet been adjusted and this will mean that I have to tighten my belt somewhere so I can make the ends meet. As an employee, I'm guaranteed to have an outright tax deduction and most of my purchases are also taxes thru VAT. I know that taxes are the lifeblood of our country and I'm very much into paying taxes accurately but it saddens me that a good portion of it just go to the pockets of our "leaders". Most of the call center people are in risky situation (just like me) though I was thankful for the HMO provided by our company thathelp us in medical checkups, etc. It’s a big help to us especially to us because we can’t sleep in normal hours. But we need to work for our family, to help our daily needs and to accommodate our necessities. I’m calling the attention of our President – Benigno Aquino, III to give attention to this matter, I agree to Senator Juan Edgardo Angara for proposing to lower the personal tax rates, it will be a big help not only to me, but to all citizens of our country. Now, let’s go back to the two big fastfood chains. I’m a looking forward to return the meals in it’s original price of Php 50.00 simpy because Php 2.00 is a big help to add our personal transportations in going to work and returning to our home (jeepney). To all the readers, please don’t be mad at me, I just want to tell what I’m currently experience or the reality in our country regarding taxes, commodities and inflations. To our dear President, help us to continue the “DAANG MATUWID” because I believe that this tag line will help our country to improve everything in all aspects if we continue to pursue this “TUWID NA DAAN”. For other Blogs please visit our websites: www.shutterbugmom.com www.facebook.com/mhackintozh Elmark Mhac Pentecoste