Weaker Peso Offsets Impact Of High Inflation On Consumer Spending

Weaker Peso Offsets High Inflation Impact On Consumer S It, however, said “unlike other countries, the peso depreciation's positive effects should mitigate a good part of consumer spending weakness dogged by high inflation.”. the weaker peso also benefits the business process outsourcing sector and the country's exports, it added. to date, the peso is trading at 55 level against the greenback. The peso’s weakness is expected to counter the impact of higher domestic inflation rate as the former can boost consumer’s spending power, especially those of overseas filipino workers’ (ofws) beneficiaries. according to the july 2022 issue of the market call, the joint publication of the f.

Weaker Peso Offsets Impact Of High Inflation On Consumer Spending Pressreader. catalog; for you; sun.star davao. weaker peso offsets impact of high inflation on consumer spending 2022 08 05 . manila – the peso’s weakness is expected to counter the impact of higher domestic inflation rate as the former can boost consumer’s spending power, especially those of overseas filipino workers’ (ofws) beneficiar­ies. 51,083.44. bloomberg — chile’s inflation hit a new 28 year high in july as food and transportation prices surged and the peso plunged to an all time low, boosting pressure on the central bank to extend its aggressive interest rate hikes. prices rose 13.1% from a year prior, more than the 13% median forecast of economists in a bloomberg survey. The weaker peso should offset the negative impact of inflation, with full year economic growth seen to hover around 6.5 percent, according to a report released yesterday. the latest issue of the market call showed to portray “an economy sufficiently robust to withstand the global slowdown.”. “the economy has relied much on domestic demand. With inflation high, consumers also face widening inequality. while rising inflation poses risks to real consumer spending and hence, economic growth, its potential impact on income inequality is also worrying. low income households spend more on necessities such as groceries, energy, and housing than higher income ones.