FOOT TRAFFIC Crowds in Baguio鈥檚 business district during weekends reflect the improved economic growth in the city and the rest of the Cordillera since the pandemic first shuttered business activities in 2020. 鈥擡V ESPIRITU
BAGUIO CITY 鈥� The number of poor families in the Cordillera region dropped in the first six months of 2021, according to the latest report of the Philippine Statistics Authority (PSA).
The poverty statistics report showed a slide from a poverty incidence of 13.8 percent of the Cordillera population in the first half of 2018 to 12.1 percent during the same period last year, said PSA statistical analyst Aldrin Federico Bahit Jr. during a press briefing here on Monday.
The reduction is equivalent to 鈥渢he graduation of approximately 7,500 Cordillera families from poverty鈥� at least from January to June 2021, after a three-year period, he said.
The magnitude of poverty in the Cordillera population was reduced from 317,500 individuals in 2018 to 295,500 in the first six months of 2021.
Cost of living
PSA measured the magnitude of poor Cordillera households and saw the number dwindle from 61,500 poor families from January to June 2018 to 54,000 during the same period in 2021.
The latest poverty threshold in the Cordillera rose to P14,023 last year from a 2018 poverty line of P12,358.
The threshold represents the lowest yet adequate income earned by an individual, so 鈥渋f your take-home pay is much lower than P14,023 in the region, you are poor,鈥� Bahit said.
In 2018, Mountain Province had the highest poverty threshold of P13,366 because of a high cost of living, while the lowest threshold was measured in Apayao province at P11,523, Bahit said.
Last year, despite the increase in the prices of goods and services, Apayao retained the lowest poverty threshold with P12,797, while Mountain Province continued to have the highest poverty threshold with P15,610.Baguio City, a highly urbanized city, saw its poverty threshold rise from P12,050 in 2018 to P13,759 in 2021.
READ: PH poverty rate climbed to 23.7% in first half of 鈥�21
The region鈥檚 first semester food threshold, or 鈥渢he minimum amount of money required to purchase basic food needs,鈥� was P9,796 which was up from P8,622 in 2018.
Cordillera households that have less than that amount become part of the subsistence poor, but there were fewer subsistence poor in the first semester of 2021, with 4.8 percent compared to 6 percent in the first six months of 2018.
This meant that the magnitude of subsistence poor was reduced from 26,900 to 21,400, 鈥渨hich is still high because we don鈥檛 want anyone to be hungry,鈥� Bahit said.
鈥淲hile the region鈥檚 poverty incidence has become low, our food subsistence incidence shot up from 5.4 percent of the population in 2018 to 6.3 percent last year,鈥� he said.
The PSA saw poverty incidence among families reduced in most Cordillera provinces, particularly in Abra and Apayao, where more poor families managed to 鈥渕ove away from poverty,鈥� Bahit added. 鈥擵INCENT CABREZA
RELATED STORIES
High inflation: Your P1 is now worth only 87 centavos