According to National Statistician Claire Dennis Mapa, P1 in 2018 was equivalent to 87 centavos worth in June 2022, as“‘Pag ating CPI ay tumataas, ibig sabihin mas lumiliit ‘yung purchasing power ng pera natin, ng piso, na para bumili ng goods and services,” Mapa said in a briefing with reporters.
[If our CPI increases, this means that the purchasing power of the peso decreases to buy goods and services.] The purchasing power of the Philippine peso is computed as 1 divided by the consumer price index, multiplied by 100.
Sabi ni Biden: 'Kasalanan ni Putin iyan'.🤣🤣🤣
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