Living In The Philippines Forum

Contributions By Members => Living Costs in different areas, cities, provinces => Topic started by: chimellie on June 06, 2018, 01:11:25 AM

Title: Inflation is up
Post by: chimellie on June 06, 2018, 01:11:25 AM
Just read this in CNN Philippines

Metro Manila (CNN Philippines, June 5) ó Inflation rate rose to 4.6 percent in May from a year ago, the highest level in five years, the Philippine Statistics Authority announced Tuesday.

Maybe Peso will hit 55 to 1 USD by the end of the year ?
Title: Re: Inflation is up
Post by: Lee2 on June 06, 2018, 10:47:34 PM
I notice that costs are up every year when we return to Cebu but at the same time, they are no doubt up in Florida as well, I just do not notice them as much  in Florida and I suspect those who live full time in the Philippines, likely do not notice them as much either.

I do not know about other areas but in Cebu I rarely see buy one get one for free, whereas in Florida we get that all the time, so that really helps offset rising prices for us when we are in the states. How about you Chi, did you notice higher prices when you were just in Cebu and other areas of the Philippines, Nila has a friend who is also named Nila who said she cannot believe how expensive things had gotten when she returned to Cebu after being away a few years.

How about you all, have you noticed prices rising a lot in the areas you live?
Title: Re: Inflation is up
Post by: BudM on June 06, 2018, 11:19:46 PM
I notice that costs are up every year when we return to Cebu but at the same time, they are no doubt up in Florida as well, I just do not notice them as much  in Florida and I suspect those who live full time in the Philippines, likely do not notice them as much either.

I do not know about other areas but in Cebu I rarely see buy one get one for free, whereas in Florida we get that all the time, so that really helps offset rising prices for us when we are in the states. How about you Chi, did you notice higher prices when you were just in Cebu and other areas of the Philippines, Nila has a friend who is also named Nila who said she cannot believe how expensive things had gotten when she returned to Cebu after being away a few years.

How about you all, have you noticed prices rising a lot in the areas you live?

Yeah, prices are going up.  Same exact question as when you asked less than a month ago.  As much as I don't want to see prices going up, that isn't causing me any heartburn.  I don't like it since I don't like to spend more money but it is a fact of life.  It is going to happen.  And even if the rising pace in Florida is slow right now (by your opinion), wait until it kicks in down the road.  LoL.  I don't know what the problem is with Cebu.  I see "Buy one, get one" all time.  In fact, I was out this afternoon doing some shopping and saw a bunch. 
Title: Re: Inflation is up
Post by: Lee2 on June 06, 2018, 11:50:10 PM
Yeah, prices are going up.  Same exact question as when you asked less than a month ago.  As much as I don't want to see prices going up, that isn't causing me any heartburn.  I don't like it since I don't like to spend more money but it is a fact of life.  It is going to happen.  And even if the rising pace in Florida is slow right now (by your opinion), wait until it kicks in down the road.  LoL.  I don't know what the problem is with Cebu.  I see "Buy one, get one" all time.  In fact, I was out this afternoon doing some shopping and saw a bunch.
Sorry if I repeated myself, my memory is just about shot,  :( some things I remember and many I do not, sadly I am closing in on the time when I may have to even walk away from forums, or just stop posting all together.

As for Florida, I did not say prices were not up, in fact I wrote just the opposite "they are no doubt up in Florida as well, I just do not notice them as much  in Florida and I suspect those who live full time in the Philippines, likely do not notice them as much either" 

As for buy one get one, I am happy to see that your area has it a lot, I hope to see it more in Cebu, saw some last year, did not see any this year at all but we are not there all year, so maybe it happens more when we are not there.  Also the last time we were in the Manila area, I noticed that prices on many items were lower there than Cebu, I suspect because that is the port of entry and where a lot of items may get manufactured and then some items get shipped to Cebu from there.

Thank you for your input..
Title: Re: Inflation is up
Post by: BudM on June 07, 2018, 12:20:54 AM
Ok, sorry, my bag.  I thought you had said that they were not going up as quickly.  And I guess, I need to realize that with all us getting old, some might have memory slippage and others on the way.  And it is not as if I have never forgotten about something.  Hope it all works out for you in a positive sense.
Title: Re: Inflation is up
Post by: chimellie on June 07, 2018, 12:35:04 AM
I noticed the prices almost double on some items, but most about 50% more especially fish, chicken and beef, now the prices are almost the same as in the US.

Electric rate and gasoline prices are also way up. 

I don't know how the locals can afford that.
Title: Re: Inflation is up
Post by: Lee2 on June 07, 2018, 12:58:11 AM
I noticed the prices almost double on some items, but most about 50% more especially fish, chicken and beef, now the prices are almost the same as in the US.

Electric rate and gasoline prices are also way up. 

I don't know how the locals can afford that.
Electric is double where we live in Florida but my friend who lives on Long Island New York said he pays the same as Cebu so he installed solar and now pays nothing except for gas to heat his house and hot water.
Title: Re: Inflation is up
Post by: Peter on June 07, 2018, 09:21:14 AM
During the past week or so, there have been numerous press briefings from the Department of Finance, that the TRAIN Law has only contributed 0.4 to the overall official inflation rate of 4.6%.

0.4 is the magic number that the administration tossed out a couple of weeks ago and is now sticking to, come rain or shine.

On early morning GMA news today, there was another interview, whereby the ASEC of some department in Government, stated that the TRAIN Law would not be suspended. I paraphrase, "It's because of external contributory factors" she said, "not anything we can control". In other words, suck it up people!

And the price of sugar is now sky rocketing.

Peter
Title: Re: Inflation is up
Post by: bigrod on June 07, 2018, 09:35:45 AM
Glad I bought sugar at S&R on Tuesday at the same price I have been paying since last year.  Maybe it will go up by the next time I need it. 

Chuck
Title: Re: Inflation is up
Post by: Peter on June 07, 2018, 09:58:13 AM
Glad I bought sugar at S&R on Tuesday at the same price I have been paying since last year.  Maybe it will go up by the next time I need it. 

Chuck

Chuck,

Many years ago I was advised to cut back on sugar in general. So I replaced it, when I could, with local honey, wherever I was, when I want something a bit sweeter. But that's me.

There are honey farmers (is that the right expression?) or producers in the hills near us in the Bataan and the wife gets it at the local farmers' market. Not cheap compared with sugar, but goes down a treat with my morning porridge. Yeah, I hear you say. "You can the boy out of Scotland, but not Scotland out of the boy."  :) :) :) :) :)

Peter
Title: Re: Inflation is up
Post by: bigrod on June 07, 2018, 10:58:06 AM
Chuck,

Many years ago I was advised to cut back on sugar in general. So I replaced it, when I could, with local honey, wherever I was, when I want something a bit sweeter. But that's me.

There are honey farmers (is that the right expression?) or producers in the hills near us in the Bataan and the wife gets it at the local farmers' market. Not cheap compared with sugar, but goes down a treat with my morning porridge. Yeah, I hear you say. "You can the boy out of Scotland, but not Scotland out of the boy."  :) :) :) :) :)

Peter

I actually by the less processed sugar(light brown) versus the white sugar and use it in my one cup of barako each morning.  Always have honey in the house.

Chuck
Title: Re: Inflation is up
Post by: JoeLP on June 07, 2018, 11:21:53 AM
I actually by the less processed sugar(light brown) versus the white sugar and use it in my one cup of barako each morning.  Always have honey in the house.

Chuck
That sugar you talk of was becoming big in the USA when I left there in 2013.  RAW was the biggest brand and cost a lot more than the "refined white" sugar.  I got a kick out of that as it was less process, thus cheaper, but cost a lot more.  Then I move here and it is as it should me, less expensive as it is much more raw in nature.  Got a kick out of telling my family that as most of them switched to the RAW sugar for most of their needs.
Per the health experts it is healthier.  I think most sugar is more a danger than a good for humans.  But, the experts say what you and I prefer is better.
Title: Re: Inflation is up
Post by: BudM on June 07, 2018, 05:45:59 PM
Electric is double where we live in Florida but my friend who lives on Long Island New York said he pays the same as Cebu so he installed solar and now pays nothing except for gas to heat his house and hot water.

When I left Florida, my final electric was right about at half per kW-h that the following month it cost me in the Philippines.   My cousin was paid almost double per kW-h in Upstate NY that year as what I had in Florida.  Look at the 2017 average rates, it looks like FL is starting to close in on NY some.  Apparently, my cousins electric company charged higher than the average in the state.

https://www.globalenergyinstitute.org/average-electricity-retail-prices-map (https://www.globalenergyinstitute.org/average-electricity-retail-prices-map)
Title: Re: Inflation is up
Post by: Lee2 on June 07, 2018, 08:05:05 PM
When I left Florida, my final electric was right about at half per kW-h that the following month it cost me in the Philippines.   My cousin was paid almost double per kW-h in Upstate NY that year as what I had in Florida.  Look at the 2017 average rates, it looks like FL is starting to close in on NY some.  Apparently, my cousins electric company charged higher than the average in the state.

https://www.globalenergyinstitute.org/average-electricity-retail-prices-map (https://www.globalenergyinstitute.org/average-electricity-retail-prices-map)
I suspect those prices are without taxes and other fees added in. In both places I take the total bill and divide it by the kwh to determine the cost of electric in each place and in Cebu it cost us approx 12 pesos per kwh, which is exactly double per kwh what we pay in Florida which is about 12 cents per kwh, the link you posted just confirmed that since it is in cents, thus 12 pesos per kwh would be about double at the current exchange rate of p52.50 per dollar.

Title: Re: Inflation is up
Post by: BudM on June 07, 2018, 11:38:45 PM
I suspect those prices are without taxes and other fees added in. In both places I take the total bill and divide it by the kwh to determine the cost of electric in each place and in Cebu it cost us approx 12 pesos per kwh, which is exactly double per kwh what we pay in Florida which is about 12 cents per kwh, the link you posted just confirmed that since it is in cents, thus 12 pesos per kwh would be about double at the current exchange rate of p52.50 per dollar.

Well, that is pretty much why I posted it.  I am in agreement with you.  Yes, you are right.  That is how I figure it.  And I think also the chart is just the basic energy charge.  When I was talking about on my departure, I paid almost 13 cents per kW-h.  The following month, here, I paid about 11.5 pesos per kW-h and the rates over time that I have been have hovered between 9 and 12 pesos per.
Title: Re: Inflation is up
Post by: chimellie on June 08, 2018, 10:21:37 PM
I think because of the inflation went up, now the Peso is 52.9 to 1 USD.

Gas prices will go up too soon ?
Title: Re: Inflation is up
Post by: codefreeze on June 11, 2018, 09:23:20 PM
Sorry if I repeated myself, my memory is just about shot,  :( some things I remember and many I do not, sadly I am closing in on the time when I may have to even walk away from forums, or just stop posting all together.

Given the amount you post Lee I think your memory is remarkable! Please do not walk away!

As for buy one get one, I am happy to see that your area has it a lot, I hope to see it more in Cebu, saw some last year, did not see any this year at all but we are not there all year, so maybe it happens more when we are not there.  Also the last time we were in the Manila area, I noticed that prices on many items were lower there than Cebu, I suspect because that is the port of entry and where a lot of items may get manufactured and then some items get shipped to Cebu from there.

Thank you for your input..

We did notice a very heavy Chinese / Korean / Japanese presence in Cebu - remarkably so, and I wonder if that has an effect on prices?

I did a cost analysis of our trip to Philippines in 2011 and the trip earlier this year. Our costs per week this year were *less* than 2011! The significant factor being AirBnB. We were paying about a third of what we were paying in 2011 for accommodation. We seemed to spend about the same on food.
Title: Re: Inflation is up
Post by: Lee2 on June 11, 2018, 10:00:35 PM
Given the amount you post Lee I think your memory is remarkable! Please do not walk away!

We did notice a very heavy Chinese / Korean / Japanese presence in Cebu - remarkably so, and I wonder if that has an effect on prices?

I did a cost analysis of our trip to Philippines in 2011 and the trip earlier this year. Our costs per week this year were *less* than 2011! The significant factor being AirBnB. We were paying about a third of what we were paying in 2011 for accommodation. We seemed to spend about the same on food.
Thank you for the kind words, it does not take much memory to read online and post, I am doing my best to keep my mind active, that means lots of reading for me but keeping in my head what I read is quite a different story. :( 

We have found that costs in Cebu on cable TV, water, property taxes, electric have remained fairly constant, even condo fees have only gone up once in the 11 years we own our Cebu condo but they also added VAT to the bill which was a decent increase yet not directly cost of living related. Rents friends pay in Cebu and elsewhere in the Philippines have stayed the same year after year, so I guess that would be one major difference between first world costs and the Philippines, rents usually go up all the time in the U.S., so I suspect they go up in most first world countries when leases run out.
Title: Re: Inflation is up
Post by: BudM on June 12, 2018, 01:58:31 AM
Thank you for the kind words, it does not take much memory to read online and post, I am doing my best to keep my mind active, that means lots of reading for me but keeping in my head what I read is quite a different story. :( 

We have found that costs in Cebu on cable TV, water, property taxes, electric have remained fairly constant, even condo fees have only gone up once in the 11 years we own our Cebu condo but they also added VAT to the bill which was a decent increase yet not directly cost of living related. Rents friends pay in Cebu and elsewhere in the Philippines have stayed the same year after year, so I guess that would be one major difference between first world costs and the Philippines, rents usually go up all the time in the U.S., so I suspect they go up in most first world countries when leases run out.

No, that is not a major difference.  My wife's rent on her office space just went up 10% over last year when she renewed her lease back in March.  Granted it had not gone up for a couple of years but I do remember it going up once before since the time I moved here plus I know of her talking about it a couple of times when I still lived in US and she was in a different office building.  In fact, where she is now she moved in to shortly after I got here because she was griping about her rent going up again at the previous place and the new place, the building had just been renovated and was not much higher.  Then again, I could possibly be wrong.  Maybe they just don't raise rents in Cebu.
Title: Re: Inflation is up
Post by: Art, just a re(tired) Fil-Am on June 12, 2018, 07:53:23 AM
Yeah, mostly everything has gone up in price. I even had to add a few thousand pesos to our monthly grocery budget to cover the higher cost of food, but still have enough left over for savings for other unexpected expenditures. All in all in general, everything else is just fine.
Title: Re: Inflation is up
Post by: BudM on June 12, 2018, 11:18:53 AM
I solved my problem with the price of groceries rising.  Two weeks ago, I went to that new store called Landers that just opened over in Alabang West.  If you don't know about it, the place is going to rival S&R.  I was checking out the store and picking up some stuff.  After I finished and headed past the meat cases I figured I would find me a nice Ribeye, NY Strip or even a Sirloin.  Well, I had picked out one and went over to another case to see if they had any Hormel Pepperoni like S&R sometimes does.  Lo and behold, I almost fell down on the floor.  There in the case I saw packages of what looked like Bologna.  I picked one up and printed on the label was "US Beef Bologna".  The only bologna I will even look at is beef bologna.  I have seen some off the wall stuff, claiming to be some kind of bologna in a couple of the grocery stores here a couple of times and they taste like crap.

Anyway, I figured that this had to be the real stuff.  I took a pack and took the steak just in case.  Man, I had not sunk my teeth in to a beef bologna sandwich in over five years and to my delight, I got home, opened the package and savored the smell for a few minutes alone and then made a sandwich.  It was so good that last week I went right past the steaks and picked up five packs of beef bologna and when I got home, put the extra in the freezer.  Maybe early next week it will be time to go back and get some more.  I know though that pretty quick here, I will have slowed down on it and use maybe only a pack a week.  But, if you are a fan of beef bologna, that is the place to get it.  Unless you know of some place that I don't.

So, there will no having to resort to dog food for me because of inflation.
Title: Re: Inflation is up
Post by: chimellie on June 13, 2018, 04:00:09 AM
The locals are complaining. They were given P20 minimum pay increase but still not enough.

http://cebudailynews.inquirer.net/179509/wage-hike-not-enough (http://cebudailynews.inquirer.net/179509/wage-hike-not-enough)
Title: Re: Inflation is up
Post by: Tim_L on July 09, 2018, 02:39:49 AM
I solved my problem with the price of groceries rising.  Two weeks ago, I went to that new store called Landers that just opened over in Alabang West.  If you don't know about it, the place is going to rival S&R.  I was checking out the store and picking up some stuff.  After I finished and headed past the meat cases I figured I would find me a nice Ribeye, NY Strip or even a Sirloin.  Well, I had picked out one and went over to another case to see if they had any Hormel Pepperoni like S&R sometimes does.  Lo and behold, I almost fell down on the floor.  There in the case I saw packages of what looked like Bologna.  I picked one up and printed on the label was "US Beef Bologna".  The only bologna I will even look at is beef bologna.  I have seen some off the wall stuff, claiming to be some kind of bologna in a couple of the grocery stores here a couple of times and they taste like crap.

Anyway, I figured that this had to be the real stuff.  I took a pack and took the steak just in case.  Man, I had not sunk my teeth in to a beef bologna sandwich in over five years and to my delight, I got home, opened the package and savored the smell for a few minutes alone and then made a sandwich.  It was so good that last week I went right past the steaks and picked up five packs of beef bologna and when I got home, put the extra in the freezer.  Maybe early next week it will be time to go back and get some more.  I know though that pretty quick here, I will have slowed down on it and use maybe only a pack a week.  But, if you are a fan of beef bologna, that is the place to get it.  Unless you know of some place that I don't.

So, there will no having to resort to dog food for me because of inflation.

I got a membership to Landers in Cebu when I was there last. Didnít see beef bologna, will have to look a little harder when I get back next month. Beef bologna and beef hotdogs are my favs. Well, next to ribeyes and filet mignon of course. They had ribeyes there but, didnít see any tenderloin. It was New Zealand beef though, not US. Does taste the same to me. Ground beef from NZ tasted a bit suspect to me as well. What I found odd is that the food court in Landers has some pretty tasty beef hotdogs but, they do not sell them anywhere in the store.  :(
Title: Re: Inflation is up
Post by: BudM on July 09, 2018, 07:43:12 AM
I got a membership to Landers in Cebu when I was there last. Didnít see beef bologna, will have to look a little harder when I get back next month. Beef bologna and beef hotdogs are my favs. Well, next to ribeyes and filet mignon of course. They had ribeyes there but, didnít see any tenderloin. It was New Zealand beef though, not US. Does taste the same to me. Ground beef from NZ tasted a bit suspect to me as well. What I found odd is that the food court in Landers has some pretty tasty beef hotdogs but, they do not sell them anywhere in the store.  :(

No problem with Australian or NZ beef for me either.  Just first time I have come across anything labeled as beef bologna along with where it came from.  S&R has good beef dogs at the food court that they don't sell in the store also.  The only halfway decent beef dogs I have come across in the stores such as SM and Shopwise or whatever starts with an "H" I think but can't remember what it is and don't have a pack right now to look.  And inflation has yet to seem like it is raising the price of them.  Not yet anyway.
Title: Re: Inflation is up
Post by: Sam218 on October 01, 2018, 01:44:23 PM
The locals are complaining. They were given P20 minimum pay increase but still not enough.

[url]http://cebudailynews.inquirer.net/179509/wage-hike-not-enough[/url] ([url]http://cebudailynews.inquirer.net/179509/wage-hike-not-enough[/url])


Php 20.00 increase to minimum wage is really not enough. If you have kids to send to school, water, electric bills and house rent to pay, in addition to skyrocketing prices of goods, a 20 pesos increase will get you nowhere.