Saturday, February 4
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Tag: noval

Compromise and Sacrifice: Thomasian dorm renters burdened by soaring inflation

Compromise and Sacrifice: Thomasian dorm renters burdened by soaring inflation

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WHEN THE University announced the gradual return of in-person classes, architecture freshman Diane Sombilon said she felt relieved to finally go back to normal.  However, the latest inflation figure made Sombilon, who lives in Las Piñas, hesitate to rent a dorm and eventually return to campus. The Philippine Statistics Authority (PSA) has been reporting about rising inflation in the past few months. The country's inflation – the rate of the increase in the prices of goods and services over a given period – climbed to a 14-year high of 7.7% in October. It was higher than the previous year 6.9% posted in September and the 4% recorded in October last year.  In November, the PSA reported anew that the inflation rate spiked to 8% due to increased costs and services. “Although I ...