In the last months of 2022, the Philippines recorded a continuous increase in the inflation rate, causing many people to panic, especially individuals who are suffering financial difficulties. Inflation directly affects personal finance, and the currency depreciates so you have to spend more to buy the same product than before inflation. In the midst of this situation, should we get cash loan online to manage financial difficulties? Follow the article below to find the answer.

1. What is inflation?

Inflation is the persistent increase in the general price level of goods and services over time and the loss of value of a currency. Simply put, when the general price level rises, one unit of currency will buy fewer goods and services than before. Accordingly, inflation can be understood as a form of reflecting the decline of people’s purchasing power per currency unit.

Inflation may also occur across countries. Specifically, inflation is seen as the decrease in the value of one country’s currency compared to that of the other country.

Inflation is a decrease in people’s purchasing power per unit of currency


2. Inflation in the Philippines

In 2022, the Philippines recorded a continuous increase in the inflation rate over many months. By October this year, inflation in the Philippines had reached 7.7%, increasing 0.8% compared to September (6.9%). This is the highest recorded inflation since December 2008. As of October 2022, the average inflation rate of the Philippines has reached 5.4%, which is much higher than the same period last year (4.0% only).

The persistently rising inflation rate in the Philippines


The continuous upward trend of inflation in October 2022 is attributed to recent tropical storms that have caused damage and shortages of food, pushing food price inflation to as high as 9.4 % (last month: 7.4%). In addition, the expensive import costs caused inflation of other utilities to increase: transportation reached 12.5%, restaurants & accommodation services were 5.7% and personal care was 3.7%.

In addition to food prices, inflation is also driven by utility costs as imported energy remains expensive. Furthermore, transportation inflation increased at a rate of 12.5%, restaurant & accommodation services were 5.7% and personal care was 3.7%.

(Data source:

3. Should you get cash loan online during an inflation period?

Should you get cash loan online during the period of constantly increasing inflation rate?

First, it’s important to know that inflation does not directly affect interest rates on personal loans. Personal loans typically have a fixed interest rate, which means the interest you pay doesn’t change over the loan term. If you have an online cash loan taken before inflation, inflation will not change your interest rate because it is always a fixed rate.

Sometimes, inflation is also an opportunity to give the online cash borrowers an added advantage. A fundamental rule of inflation is that the value of cash decreases over time. It is often said that cash now is more valuable than cash in the future. So, if you are a borrower, you may repay the lender the amount of less value than it was originally after inflation. 

Should you get an online cash loan during inflation?

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When inflation occurs, products, goods and daily necessities will increase in price compared to before. In this case, an online cash loan may help you solve your financial difficulties and cover unexpected expenses. However, be sure to restore your finance soon so that you can pay off your loan on time.

4. Secure cash loan online at MoneyCat

If you are in need of cash loan online but are still worried about the current inflation situation, MoneyCat will find the best solution for you. MoneyCat is a 24/7 online financial solution providing and consulting platform of a large financial structure operating in Vietnam, the Philippines and Russia. We are a guaranteed-quality and trusted online cash loan platform in the Philippines.

Not only has a simple registration procedure, fast approval, fast disbursement in 24 hours, MoneyCat also offers you 0% interest on the first loan, flexible payment terms from 07 to 28 days. At the same time, MoneyCat is completely transparent and confidential for your peace of mind during the use of the service.


With the advantages of simple, fast, and reputable lending services, MoneyCat is a safe and reliable financial solution for getting cash loan online in the Philippines.

Inflation is risky but also a good opportunity for personal loans. If you are in need of cash loan online in the Philippines or any other financial need, We hope to help you with the safest and most effective financial solutions.