Picodi: Filipinos’ food share to minimum net pay rises

The Philippines’ share of basic food costs to net minimum wage rises to 66.2% this year, according to the latest report by Picodi.com. The country has one of the most expensive food cost allocation out of the 67 countries included in the report. The total price of basic food items needed by an adult in a month increased by 8.9% to P5,776. However, the Filipino minimum net pay went up by 8.2% to P8,725 a month. This means that the increase in Filipino minimum wage did not keep up with the rise in food prices.