According to a 2023 survey by Rakuten Insight on inflation in the Philippines, around 68 percent of respondents indicated that they checked prices before buying due to rising costs. Moreover, around 36 percent of survey participants admitted inflation made them change to cheaper brands.
Change in consumer habits due to inflation in the Philippines as of March 2023
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Share of respondents
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Rakuten Insight. (April 12, 2023). Change in consumer habits due to inflation in the Philippines as of March 2023 [Graph]. In Statista. Retrieved July 05, 2024, from https://www.statista.com/statistics/1378949/philippines-inflation-impacts-on-consumer-behavior/
Rakuten Insight. "Change in consumer habits due to inflation in the Philippines as of March 2023." Chart. April 12, 2023. Statista. Accessed July 05, 2024. https://www.statista.com/statistics/1378949/philippines-inflation-impacts-on-consumer-behavior/
Rakuten Insight. (2023). Change in consumer habits due to inflation in the Philippines as of March 2023. Statista. Statista Inc.. Accessed: July 05, 2024. https://www.statista.com/statistics/1378949/philippines-inflation-impacts-on-consumer-behavior/
Rakuten Insight. "Change in Consumer Habits Due to Inflation in The Philippines as of March 2023." Statista, Statista Inc., 12 Apr 2023, https://www.statista.com/statistics/1378949/philippines-inflation-impacts-on-consumer-behavior/
Rakuten Insight, Change in consumer habits due to inflation in the Philippines as of March 2023 Statista, https://www.statista.com/statistics/1378949/philippines-inflation-impacts-on-consumer-behavior/ (last visited July 05, 2024)
Change in consumer habits due to inflation in the Philippines as of March 2023 [Graph], Rakuten Insight, April 12, 2023. [Online]. Available: https://www.statista.com/statistics/1378949/philippines-inflation-impacts-on-consumer-behavior/