MANILA — The Philippines' poverty rate dropped to 15.5 per cent last year from 18.1 per cent in 2021, with rising food prices limiting the reduction in the number of poor, the government's statistics agency said on Thursday (Aug 15). The Philippine Statistics Authority (PSA) said there were 17.
Youths are pictured at a slum area in Baseco, Tondo city, metro Manila, Philippines Dec 24, 2016.MANILA — The Philippines' poverty rate dropped to 15.5 per cent last year from 18.1 per cent in 2021, with rising food prices limiting the reduction in the number of poor, the government's statistics agency said on Thursday .
The PSA considers individuals as "poor" if their incomes are not enough to buy basic food and non-food needs. "If food inflation had been lower, of course the reduction in poverty could be much, much bigger," National Statistician Dennis Mapa told a news conference.
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