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RP households eat, spend less

Two in every three households or about 66 percent of Filipino households are now consuming less food or spending less to cope with rising prices, a Pulse Asia survey from July 1 to 14 showed. The survey, which covered 1,200 respondents nationwide,show an increase of 22 percentage points over the March 2008 figure of 44 percent. Reduced food consumption and spending was more pronounced in the Visayas (75 percent), Luzon (70 percent), and Mindanao (61 percent) than in Metro Manila (47 percent). The Pulse Asia survey results came at the heels of the government’s report that the inflation rate in July reached a 17-year high of 12.2 percent. The June figure was 11.4 percent. The survey also showed 24 percent are cutting back on their rice consumption or spending, while 55 percent said they are reducing expenditures on other food items.

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