Purchasing Power
In Central Mindanao, the terms of trade between unskilled labour wage and rice improved by 29.2% in July compared to June 2012. However, those gains were offset in August, when ToT moved back from 5.6 Kg/day to 4.4 Kg/day. This occurred with both changes in rice prices and wage rates. Fuel prices started gradually to increase in July, after 13 successive weeks of decrease. From June to August, gasoline prices have increased by 14.6%. Meanwhile, diesel prices were reported at PHP 46.05 per litre, increasing by 14.9% over the same period.
October 2012
Food Security