What Is It To Me?

Introduction to Applied Economics

Directions: Collect at least five (5) current news clippings about the Philippine economy and
paste them on the box below. Create a 300 word essay on the next page discussing how
these issues affect you as a student and as a individual. (30 points)

News Clippings:

1. Inflation hits new over 9-year high of 6.7% in September on elevated food
prices

2. High inflation, to investment slowdown to drag growth

3. Fewer Filipinos expect life, economy to improve

4. ADB revises downwards PH growth over higher inflation

5. BSP hikes rates to stump inflation threat

 When prices rise for energy, food, commodities, and other goods and services, the
entire economy is affected. Rising prices, known as inflation, impact the cost of living, the
cost of doing business, borrowing money, mortgages, corporate and government bond
yields, and every other facet of the economy.

There's a big impact of inflation on student life : This is because, compared with
other households, students spend a higher share of their total budget on items which have
risen in price fastest over recent years - goods such as food and drink, clothing, tobacco,
personal care products, housing and travel, plus tuition fees.

Students spend 75 per cent of their budget on these items altogether, compared to just
over 50 per cent for the average UK household. Overall, their living costs are rising at 1.5
times the rate of that of the general population, it found.