Filipinos likely cut down on non-essential spending amid looming inflation — BCG - BusinessWorld Online

Filipinos likely cut down on non-essential spending amid looming inflation — BCG - BusinessWorld Online

AMID higher projected inflation due to volatile oil prices, Filipinos are likely to cut down on non-essential spending while seeking cheaper options for essential items, according to global management consulting firm Boston Consulting Group (BCG). The statement was made in response to BusinessWorld’s questions regarding online shopping platform Shopee’s aggregated consumer behavior data from its March 3.3 sale. Shopee’s report showed that while …