8.3% is the latest inflation rate for the month of April from National Economic and Development Authority.
Inflation is a rise in general level of prices of goods and services over time.
This roughly means that your P100 last month is worth only about P92 when you buy goods at the market this month.
NEDA attributed the rice of level of prices partly to a "hefty" 12% rise in food prices, in particular a 24.6% increase for rice.
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