How do rising food and fuel prices during a crisis impact low-income families in the Philippines?
Answer (1)
Rising prices of basic needs like food and fuel hit low-income families the hardest because these items already take up most of their daily expenses. When prices go up—like during the 2008 financial crisis or after typhoons—poor families may have to skip meals, walk instead of taking public transport, or delay buying medicines. Unlike wealthier households, they don’t have savings or backup resources. This makes them more vulnerable and increases poverty. That’s why price control, subsidies, and targeted government aid are so important during economic downturns.
