Overview

• Household spending on energy, water and transport rose by 5.4% month-on-month in July, reaching 193,329 pesos for an average AMBA household
• The July bill represents 13.1% of the average formal worker’s salary, marking a growing share of household budgets
• On an annual basis, public service costs climbed 40%, outpacing the 36% rise in general consumer prices
• Electricity led the monthly increases with an 8.2% hike, followed by transport at 4.9%, water at 4.4% and natural gas at 4%
• Tariffs now cover half of enterprise costs as state subsidies have been cut by 57% in real terms over the past year