Consumption Spending through the Eyes of Groceries

The 3rd quarter Philippine GDP numbers suggest that inflation has affected the different economic classes disproportionately. The higher classes, who can afford to spend on hotels and restaurants continue to do so, despite high inflation and rising interest rates. On the contrary, the lower classes who only spend on the essentials are forced to cut consumption (on a per capita basis) and change their spending behavior. To further investigate this divergence, Allan Jr Tripon, decided to analyze the financial statements and investor presentations of Puregold and S&R. Read this article to see what he found out.

Consumption Spending through the Eyes of Groceries

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