<div class="text-justify"> **Inflation, Inflation, Inflation...** In all honesty, I don't really fully understand how Inflation works despite reading many articles talking about that topic. Like I know it's textbook definition but if someone asked me what Inflation is, I probably will just say: ***Inflation is the rate of increase in prices over a given period of time***. (*Heh! Classic textbook definition*) with nothing more to add. Anyway, as I was browsing around my News Feed hours ago, I stumbled upon this article from **Rappler** trying to explain what Inflation really is: *https://www.rappler.com/philippines-inflation-meaning* But what caught my attention though is the Calculator in there, a calculator that calculates how much in equivalent value of your past peso compared to the pesos now. For visual reference, here is what I set in the calculator inside that link: <center> ![image.png](https://ipfs.busy.org/ipfs/QmWwwLxs5j8178cuUw1rALKzwxfnLzmeQ7AhgMNRc24YtB) ![image.png](https://ipfs.busy.org/ipfs/QmNm179GjBCaAmtZLCFZJmgKCdAudwgLnLTCyVMLawkW4h) [Image Source](https://www.rappler.com/philippines-inflation-meaning) </center> So if I had P500 in the year 1992, I would be able to buy at least: **8kg of rice 1kg of fish (bangus) 2kg of liempo 2pc/s of chicken 20pc/s of egg 0.51kg of sitaw 0.62kg of tomatoe 0.39kg of onion 0.39kg of sugar 0.77 bottle/s of oil** Compared to now (year 2019) in which P500 only gets me: **3kg of rice 0.42kg of fish (bangus) 0.52kg of liempo 0.67pc/s of chicken 7pc/s of egg 0.17kg of sitaw 0.20kg of tomatoe 0.13kg of onion 0.13kg of sugar 0.25 bottle/s of oil** Around a 3-fold decrease in the amount of goods one can afford to buy!!! A quick google search would give us that the minimum wage in 1992 (NCR) is only **P.127.83** which have now increased to **P500-P537** this year (NCR). Although that's a 4-fold increase, I'm not sure if that is enough though. </div>
post_id | 69,669,559 |
---|---|
author | jlordc |
permlink | how-much-value-is-your-past-php-worth-compared-to-today-s-time |
category | philippines |
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created | 2019-02-03 06:11:18 |
last_update | 2019-02-03 06:11:18 |
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root_title | "How much value is your past Php worth compared to today's time?" |
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taskmaster4450 | 0 | 84,964,549,276 | 10% | ||
silvergoldbotty | 0 | 166,106,230,414 | 6.4% | ||
qurator | 0 | 208,092,215,789 | 3.53% | ||
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steem-plus | 0 | 1,184,504,197 | 0.1% | ||
murattatar | 0 | 1,237,311,204 | 4% | ||
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whiterabb1t | 0 | 157,586,902 | 2.5% | ||
ocupation | 0 | 919,116,955 | 10% | ||
skycae | 0 | 282,528,400 | 2.47% | ||
kryptokenny | 0 | 1,406,638,379 | 10% | ||
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mitchadventures | 0 | 6,047,244,476 | 10% | ||
hayirhah | 0 | 562,995,893 | 25% | ||
burlarj | 0 | 5,679,273,392 | 10% | ||
spherechain | 0 | 409,354,182 | 10% | ||
gandhibaba | 0 | 8,012,758,707 | 10% | ||
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varolleng | 0 | 187,293,787 | 50% | ||
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alisari | 0 | 92,393,208 | 25% | ||
ifeoluwa88 | 0 | 6,839,123,794 | 100% | ||
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clauxklein | 0 | 745,538,183 | 100% | ||
vietthuy | 0 | 236,785,011 | 35% | ||
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airdroptr1 | 0 | 106,270,819 | 50% | ||
melissaofficial | 0 | 6,354,831,680 | 10% | ||
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kook | 0 | 713,939,396 | 10% | ||
gtrodargent | 0 | 194,945,552 | 10% | ||
thewitness | 0 | 985,853,920 | 10% | ||
mozer | 0 | 199,809,584 | 5% | ||
the.foodini | 0 | 6,449,373,991 | 10% | ||
trapcation | 0 | 3,874,035,339 | 10% | ||
cryptogangz | 0 | 4,941,831,921 | 10% | ||
jluvs2fly | 0 | 8,726,490,051 | 10% | ||
bboyabluka | 0 | 96,840,628 | 25% | ||
lilcryptita | 0 | 5,654,028,237 | 10% | ||
see-it-feel-it | 0 | 4,555,358,425 | 10% | ||
p3dheem | 0 | 1,658,794,443 | 10% | ||
vanoss | 0 | 7,022,762,888 | 10% | ||
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duval904 | 0 | 1,017,664,642 | 10% | ||
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trevon | 0 | 16,979,786,777 | 10% | ||
hiatus | 0 | 4,335,829,101 | 10% | ||
pyemoney | 0 | 5,511,296,894 | 10% | ||
isabelpereira | 0 | 1,006,419,039 | 1.76% | ||
lifefun | 0 | 3,163,925,134 | 10% | ||
inature | 0 | 7,244,585,609 | 10% | ||
minnowshares | 0 | 13,314,307,929 | 75% | ||
upvoteshares | 0 | 107,109,207,635 | 95% | ||
wordofmouth | 0 | 952,463,906 | 10% | ||
accumulation | 0 | 424,548,471 | 10% | ||
imranlouis | 0 | 377,979,754 | 10% | ||
cryptoxicate | 0 | 9,313,516,190 | 10% | ||
adelair | 0 | 3,803,363,088 | 100% | ||
changjia | 0 | 727,370,270 | 20% | ||
mprgraffix | 0 | 722,413,309 | 5% | ||
merlin7 | 0 | 670,301,165 | 0.02% | ||
adamaslam | 0 | 434,519,266 | 10% | ||
heeheenim | 0 | 553,265,541 | 100% | ||
steem-ua | 0 | 189,553,327,219 | 1.78% | ||
devsup | 0 | 2,774,139,114 | 0.69% | ||
mango-juice | 0 | 7,020,934,391 | 10% | ||
steemjet-airdrop | 0 | 569,836,300 | 85% | ||
steemjetdiscord | 0 | 203,067,152,686 | 100% | ||
theestateof.mind | 0 | 45,394,194,213 | 10% | ||
tezus | 0 | 44,217,721,412 | 10% | ||
nworb | 0 | 54,483,483,991 | 10% | ||
lagtvgames | 0 | 40,243,301,117 | 10% | ||
apple-lover | 0 | 493,268,734 | 100% | ||
stmpay | 0 | 6,116,661,244 | 1.81% | ||
meshuga | 0 | 812,452,669 | 10% | ||
bluesniper | 0 | 457,592,755 | 0.08% | ||
shiktou | 0 | 7,454,371,154 | 10% | ||
goodshepherd | 0 | 14,409,666,264 | 50% | ||
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Congratulations @jlordc! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) : <table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@jlordc/votes.png?201902030623</td><td>You made more than 11000 upvotes. Your next target is to reach 12000 upvotes.</td></tr> </table> <sub>_[Click here to view your Board](https://steemitboard.com/@jlordc)_</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> To support your work, I also upvoted your post! > Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
post_id | 69,671,025 |
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author | steemitboard |
permlink | steemitboard-notify-jlordc-20190203t072111000z |
category | philippines |
json_metadata | {"image":["https:\/\/steemitboard.com\/img\/notify.png"]} |
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root_title | "How much value is your past Php worth compared to today's time?" |
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Hi, @jlordc! You just got a **0.1%** upvote from SteemPlus! To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn. If you're not using SteemPlus yet, please check our last posts in [here](https://steemit.com/@steem-plus) to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
post_id | 69,677,575 |
---|---|
author | steem-plus |
permlink | how-much-value-is-your-past-php-worth-compared-to-today-s-time---vote-steemplus |
category | philippines |
json_metadata | {} |
created | 2019-02-03 11:43:12 |
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root_title | "How much value is your past Php worth compared to today's time?" |
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#### Hi @jlordc! Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation! Your **UA** account score is currently 3.573 which ranks you at **#6010** across all Steem accounts. Your rank has not changed in the last three days. In our last Algorithmic Curation Round, consisting of 256 contributions, your post is ranked at **#148**. ##### Evaluation of your UA score: * You're on the right track, try to gather more followers. * The readers like your work! * Good user engagement! **Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
post_id | 69,707,579 |
---|---|
author | steem-ua |
permlink | re-how-much-value-is-your-past-php-worth-compared-to-today-s-time-20190204t062930z |
category | philippines |
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