As the Senate impeachment trial of Vice President Sara Duterte continues, many Filipinos are wondering whether it will make daily expenses more expensive.
The short answer: No, not directly.
According to the Bangko Sentral ng Pilipinas (BSP), the impeachment trial itself does not determine the prices of food, fuel, electricity, or other basic goods.
Inflation is mainly driven by food supply, global oil prices, the peso's exchange rate, and monetary policy.
However, economists say that if political uncertainty drags on, it could weaken investor and consumer confidence, which may slow business activity and affect the economy over time.
For Sharmaine S. Ybañez, a high school teacher, the bigger concern is making sure government services continue despite the proceedings.
"I hope government leaders continue focusing on inflation, education, healthcare, and public services so governance is not disrupted," she said.
Businessman and government employee Ammar said his family is already adjusting to rising living costs.
"Mas naging careful ako sa paggastos. Mas inuuna ko na ang needs kaysa wants at mas maingat na ako sa pagbabudget," he said.
He added that he hopes government leaders will continue prioritizing jobs, the economy, and the rising cost of living while the trial is ongoing.
The Department of Economy, Planning, and Development (DEPDev) has stressed that maintaining economic stability and investor confidence remains important for sustaining jobs, businesses, and long-term growth.
What you can do now
Financial experts advise households to:
- Stick to a budget and prioritize essential expenses.
- Avoid panic buying or making financial decisions based on political rumors.
- Follow updates from official government agencies and credible news sources.
- Continue saving when possible to prepare for unexpected expenses.
Bottom line: The impeachment trial is not expected to directly increase the prices of basic goods or utilities.
For now, the best way to protect your family's finances is to spend wisely, avoid misinformation, and stay informed through reliable sources.
