Inflation pa more in the

is a sequel to our previous column, where we tackled monetary inflation as the culprit behind the erosion of the wage earner‘s buying power. new month of October kicks off the “ber” months leading to the supposedly merry Christmas season. The last quarter of the year, however, is also the season of rising prices of food – imagine the Christmas ham – and gift items due to rising public demand.

Ironically, we pinch pennies in the  last-quarter months. To make Unfortunately, personal

(1 Timothy 6:10). both ends meet, we buy less of our “austerity” can only get you so basic needs – making do with a half- far. Cost- cutting does not really kilo meat instead of one-kilo. The compensate, especially if it’s a forced “sacrifice” is a prelude to splurges move aimed at eating three budget on Christmas Eve, Christmas day and meals a day. While you can cut the New Year. and slash expenses to the bone to

Unfortunately, even the greedy conserve your bottom peso, the merchants who trigger higher prices fact remains that you could get sick eventually see the erosion of their and be unable to afford own gains when buying their own medicine anymore. Going into debt needs at higher prices, too. Sooner would then be unavoidable. or later, whatever money they have The only way to keep pace with saved in the bank sheds off value as inflation is to earn more, which is an interest on it falls behind galloping elusive dream as far as the average inflation. wage earner is concerned.

The merchants try to recover by Of course, we know of friends pushing prices higher and beyond who have gone into “sideline” or the capacity of the poor. Indeed, “the a little business just to make both love of money is the root of all evil” ends meet.