A Filipino family of five needed about P6,211 a month last year to cover their food and other basic needs, the government said on Friday.
In a statement, the National Statistical Coordination Board said that for a family of five to survive, they would have had to earn P204 daily, higher than the P193 daily income or P5,853 monthly income they needed in 2005.
The NSCB said this is partly because the Value Added Tax was raised to 12 percent from 10 percent in February of 2006.
Also, inflation last year was recorded at at 6.2 percent, while prices of food items rose by 5.5
percent last year.
The NSCB said that last year, families in the country's capital needed to earn more than average in order to survive. A family of five residing in the National Capital Region needed P8,254 monthly to sustain their families' minimum basic food and non-food needs.
"Of the P8,254 monthly income, P4,920 (60 percent of the poverty threshold) should have been allocated for basic non-food needs and P3,334 (40 percent of the poverty threshold) to basic non-food needs of the family," the NSCB said.
In 2006 the annual inflation rate in the NCR was at 7 percent. - Cheryl Arcibal, GMANews.TV
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