By Mark T. Amoguis
INFLATION for low-income families softened further in February even as it stayed in five-percent territory, the Philippine Statistics Authority (PSA) reported on Thursday.
The inflation rate for the country’s bottom 30% income households clocked in at five percent in February, slower than the year-on-year price increases of 5.9% in January and 5.4% in February 2018.
That compared to a 3.8% headline inflation experienced nationwide by the average household in February, even as the consumer price index (CPI) used in measuring headline inflation has 2012 as the base year while the CPI for the bottom 30% income households uses 2000 prices.
HEAVIER WEIGHT ON FOOD
The CPI for the bottom 30% income segment of the population has heavier weighting for the food, beverages and tobacco subindex in order…