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The behavior (rise or fall) of the inflation rate directly affects consumer spending, and indirectly the hotel and restaurant industry.

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โˆ™ 2009-05-08 04:30:07
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Q: How would the inflation rate affect the hotel and restaurant industry in the Philippines?
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Was the ATM the answer to inflation?

No. The ATM does not in any way affect or answer inflation. It is just a machine through with customers can do banking transactions without visiting their bank. It does not cause or affect inflation. Only the country's central bank can control inflation by changing regulatory policies.

3.How do inflation and taxes in the Philippines affect earnings on savings?

Economists often refer to inflation as the "hidden tax" on consumers. Why is inflation the hidden tax? Inflation causes saved money to have less value over time. Money that is earned today has greater purchasing power than it will in the future once the force of inflation has caused goods and services to have higher prices. Money must be interested in interest earning investments if one wishes to curb inflation to some degree.

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