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The retail price of sugar itself has also increased. [ 13 ] Due to the sugar shortage, soda manufacturers Coca-Cola Beverages Philippines , Pepsi-Cola Products Philippines , and ARC Refreshments Corporation released a joint statement on August 16, 2022, that they are experiencing a supply shortage of refined sugar or bottlers' grade sugar. [ 14 ]
The 3.2% COLA increase rounds out to about $59 extra per month in benefits, from an average of $1,848 per month to $1,907, according to the Social Security Administration (SSA).
Cost of living is the cost of maintaining a certain standard of living.Changes in the cost of living over time can be operationalized in a cost-of-living index.Cost of living calculations can be used to compare the cost of maintaining a certain standard of living in different geographic areas.
They formed a consumer group, the 349 Alliance, which organized a boycott of Pepsi products and held rallies outside the offices of PCPPI and the Philippine government. Most protests were peaceful, but on February 13, 1993, a schoolteacher and a 5-year-old child were killed in Manila by a homemade bomb [ 8 ] thrown at a Pepsi truck. [ 15 ]
Social Security beneficiaries can expect a much lower cost-of-living adjustment (COLA) in 2024 than they got this year as easing inflation has lessened the need for the kind of historically high ...
The group’s latest COLA estimate is well below earlier estimates this year — estimates that projected a Social Security increase as high as 10.5% in 2023. However, even an increase of 8.7% ...
By February 2021, the advertisement harnered 51 million views and was shared 366,000 times across social media platforms. In the same month, RC Cola Philippines claimed that the ad contributed to a 67 percent increase of sales of its products. [7] The advertisement also received positive critical reception.
As a result, Social Security beneficiaries can expect a significant cost-of-living adjustment, or COLA, to increase their benefits in 2025. However, there's more to the story.