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MANILA, Philippines – Nearly half of Filipino families reported feeling poor at the end of the third quarter of 2023, survey conducted by the Among the self-rated poor, approximately 6.6% of these families are classified as “newly poor,” having previously been categorized as “not poor” or “borderline” in the past.
Following the survey, the Philippines reported a second consecutive month of increased inflation, reaching 6.1%. Notably, the price of rice, a staple food in Filipino households,According to SWS, the 3-point increase in the nationwide self-rated poor figure between June 2023 and September 2023 can be attributed to rises in almost all regions, particularly in Mindanao, combined with a decline in Balance Luzon .
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