Interesting Figures On Salaries In The Philippines

[BrettGC]

I know it's a little outdated but unless PI is cursed with runaway inflation I suspect it may still be reasonably accurate if you figure in published CPI increases since 2004. So with all that in mind I've discovered my net will be greater than an airline pilot's. Interesting.

http://www.worldsala...ilippines.shtml

And the aforementioned inflation rates:

http://www.tradingec...s/inflation-cpi

Edited January 21, 2013 by BrettGC

[Okieboy]

Yes for sure and you wonder how a family can go into Jolly Bee and spend P300 on 3 burger meals on a banana plantation workers pay, they just open the new Jolly Bee in Calinan and you cannot get in the place, it will settle down later but the cost compaired to the income interesting for sure

[Bruce]

It is MAGIC! Some articles in the Phils media mention over 1,000,000 OFW (Philippines citizens working in foreign countries..... cruise ships, etc) have lost their jobs and returning to the Philippines. Other articles mention that amount of money sent home by those workers is UP this year to a record $6,000,000,000!

Now, no where do I see any clarification as to the use of $ instead of p for piso.

1. I doubt the workers are able to send home over six billion USD or even AUD. So I think that even though the article uses $ it really is six billion pisos (sure it is).

2. If over 1,000,000 workers have lost their jobs due to the economy and the 'new' rules put into place to protect them by the Phils government.... How is the amount of money INCREASING!

MAGIC ACCOUNTING!

[Call me bubba]

I know it's a little outdated but unless PI is cursed with runaway inflation I suspect it may still be reasonably accurate if you figure in published CPI increases since 2004. So with all that in mind I've discovered my net will be greater than an airline pilot's. Interesting.

http://www.worldsala...ilippines.shtml

And the aforementioned inflation rates:

http://www.tradingec...s/inflation-cpi

part quote from the article you posted.

Philippines Inflation Rate

The inflation rate in Philippines was recorded at 2.90 percent in December of 2012. Inflation Rate in Philippines is reported by the The National Statistics Office (NSO). Historically, from 1958 until 2012,

Philippines Inflation Rate averaged 9.1 Percent reaching an all time high of 62.8 Percent in September of 1984 and a record low of -2.1 Percent in January of 1959.

In Philippines, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (39 percent of total weight);

housing, water, electricity, gas and other fuels (22 percent)

and transport (8 percent).

The index also includes health (3 percent), education (3 percent), clothing and footwear (3 percent), communication (2 percent) and recreation and culture (2 percent).

Alcoholic beverages, tobacco, furnishing, household equipment, restaurants and other goods and services account for the remaining 15 percent.

Seems that the people were better off in the 1960's or even the 1980's than they are today.

Boring, thanks for the info very hellpful to understand what is happening here. :thumbsup:

[Bil Brock]

I know it's a little outdated but unless PI is cursed with runaway inflation I suspect it may still be reasonably accurate if you figure in published CPI increases since 2004. So with all that in mind I've discovered my net will be greater than an airline pilot's. Interesting.

http://www.worldsala...ilippines.shtml

And the aforementioned inflation rates:

http://www.tradingec...s/inflation-cpi

part quote from the article you posted.

Philippines Inflation Rate

The inflation rate in Philippines was recorded at 2.90 percent in December of 2012. Inflation Rate in Philippines is reported by the The National Statistics Office (NSO). Historically, from 1958 until 2012,

Philippines Inflation Rate averaged 9.1 Percent reaching an all time high of 62.8 Percent in September of 1984 and a record low of -2.1 Percent in January of 1959.

In Philippines, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (39 percent of total weight);

housing, water, electricity, gas and other fuels (22 percent)

and transport (8 percent).

The index also includes health (3 percent), education (3 percent), clothing and footwear (3 percent), communication (2 percent) and recreation and culture (2 percent).

Alcoholic beverages, tobacco, furnishing, household equipment, restaurants and other goods and services account for the remaining 15 percent.

Seems that the people were better off in the 1960's or even the 1980's than they are today.

Boring, thanks for the info very hellpful to understand what is happening here. :thumbsup:

That is true in the USA also.

[stevewool]

I know it's a little outdated but unless PI is cursed with runaway inflation I suspect it may still be reasonably accurate if you figure in published CPI increases since 2004. So with all that in mind I've discovered my net will be greater than an airline pilot's. Interesting.

http://www.worldsala...ilippines.shtml

And the aforementioned inflation rates:

http://www.tradingec...s/inflation-cpi

part quote from the article you posted.

Philippines Inflation Rate

The inflation rate in Philippines was recorded at 2.90 percent in December of 2012. Inflation Rate in Philippines is reported by the The National Statistics Office (NSO). Historically, from 1958 until 2012,

Philippines Inflation Rate averaged 9.1 Percent reaching an all time high of 62.8 Percent in September of 1984 and a record low of -2.1 Percent in January of 1959.

In Philippines, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (39 percent of total weight);

housing, water, electricity, gas and other fuels (22 percent)

and transport (8 percent).

The index also includes health (3 percent), education (3 percent), clothing and footwear (3 percent), communication (2 percent) and recreation and culture (2 percent).

Alcoholic beverages, tobacco, furnishing, household equipment, restaurants and other goods and services account for the remaining 15 percent.

Seems that the people were better off in the 1960's or even the 1980's than they are today.

Boring, thanks for the info very hellpful to understand what is happening here. :thumbsup:

That is true in the USA also.

ahhhhhhhhhhhhhhhhhhhhhhhhh the good old days as our mum and dad use to say

[Thomas]

I know it's a little outdated but unless PI is cursed with runaway inflation I suspect it may still be reasonably accurate if you figure in published CPI increases since 2004. So with all that in mind I've discovered my net will be greater than an airline pilot's. Interesting.

http://www.worldsala...ilippines.shtml

And the aforementioned inflation rates:

http://www.tradingec...s/inflation-cpi

Yes, I believe not a very big difference (except perhaps in "hot" places as Manila and Cebu) because 

/not much inflation since 2004 according to your link (but I read some higher somewhere else)

/suit rather good to the salaries I have heared a year ago from PROVINCES.  (E g doctor 20 000p, gigh school teacher 14 000p, educated builder 7000p, assistant builder 5000p.)

(But rather many employers pay UNDER the minimum salaries demanded by the law.)

(And Pitman. The Selective quote didn't function, when quote was part of the quote.) Seems that the people were better off in the 1960's or even the 1980's than they are today. Boring, thanks for the info very hellpful to understand what is happening here.

That is true in the USA also.

Yes. I don't know about the 1980's but in the 1960's most families managed OK on one salary, but nowadays most need two.

[i am bob]

Funny...  I was reading this morning in one of the newspapers (online of course) that the Philippine economy grew 7.something last year...  I don't know if they were referring to inflation or ...?

[Thomas]

Funny...  I was reading this morning in one of the newspapers (online of course) that the Philippine economy grew 7.something last year...  I don't know if they were referring to inflation or ...?

I guess you mix up with GDP (=Gross Domestic Product  (=simplified it can be called the "value" the COUNTRY produce per citizen.).

It has grown somewhere around that level.

 

(Inflation don't grew anything except printed PAPER money, so such REDUCE the value of money.)

[i am bob]

Sorry Thomas.  I was poking fun at the words that were used in the report.  They were trying to say that the economy rose tremendously yet there was little to none inflation involved.

 

While the economy has grown, there is an insistence that inflation is not happening in the Philippines.  First off, the law of economics won't allow for this claim.  Second, it is easy to see the effects of inflation with the price increases over the last year.