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Aug 19, 2016 @ 1:06

Mahal ng bilihin! Filipinos remain poor due to high food prices

NEDA announced on Thursday, August 18, that millions of Filipinos are still poor mainly because of high food prices.

Apart from food prices, Business Mirror reported that Luzon-centric development and the fast pace of population growth were also pointed out on the poverty in the Philippines.

NEDA Director General and Socioeconomic Planning Secretary Ernesto Pernia remarked that while the economy grew 43%, the country’s poverty incidence declined, but only by 2.3 percentage points between 2006 and 2015.

“Clearly, economic growth was uneven. But the biggest criticism is that the benefits of economic growth have not been felt on the ground,” Pernia said in the report.
He explained that food prices, particularly rice, increased by about 30 percent between 2009 and 2015.
Poverty incidence rate in the first semester of 2015 went up to 26.3 percent because of high rice, said former Neda head Arsenio M. Balisacan.


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