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While asset prices soar and the cost of basic commodities like oil and iron ore remain high by historic standards, retail prices are barely increasing.
One of the areas Mr. Aquino will be forced to confront in his first months in office is the country's budget deficit of 293.2 billion pesos, or $6.3 billion, equivalent to 3.6 percent of gross domestic product, and the high cost of basic commodities, which affects mostly the poor.
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At the same time, the price of basic commodities began to skyrocket the cost of providing food for a family in Guatemala grew 50percentt from 2007 to 2011.
At the same time, the price of basic commodities began to skyrocket – the cost of providing food for a family in Guatemala grew 50percentt from 2007 to 2011.
The price of basic commodities is skyrocketing, while the income of the average Egyptian hasn't increased for years.
The same year, the price of basic commodities (bread, rice and the like) had more than tripled since 2007.
Export of basic commodities remained vital, and international price fluctuations had less immediate impact than in the past.
The region is also still locked in the vulnerable role as a supplier of basic commodities.
All this has caused prices of basic commodities to sky-rocket.
Wheat production failed, many small farmers lost their herds, and prices of basic commodities more than doubled.
That could mean a shortage of basic commodities, like oil or medicine or even foodstuffs.
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