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Monday, March 7, 2011
Another Round of Price Increases Quite Bothersome
My own gym has increased their rates to around P2,888 (US$66.77) per month, another round of increases which join other more important items like bread and gasoline. It is not surprising since in a country very dependent on oil, an increase in the price of oil often leads to increases in many basic items - a reality which I have lived with since I've learned the basics of the economics of the marketplace. Frankly, I did feel a bit depressed about the price increase but we just have to find ways to go with the flow - either increase income or save on other items.
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