In a DZXL News interview on April 15, Jose Ramon Albert shared that low-income and “near-poor” households are the most affected by rising oil and food prices, as these take up a larger share of their budgets.
He noted that fuel price shocks weaken purchasing power and can push vulnerable families into poverty. The study also finds that targeted interventions, such as cash transfers, are more effective than universal subsidies in supporting those most in need.
Watch his interview here:
