PH inflation rate nitong Setyembre, bumilis sa 6.1%

Transcript

00:00 Inflation or the price of the primary goods and services in the country increased in September to 6.1%.

00:09 But it is still slower than 6.9% that was recorded last year at the same time.

00:18 Because of this, the average inflation of the country reached 6.6% in just a month.

00:26 According to National Statistician Undersecretary Dennis Mapa,

00:31 the primary reason for the rapid inflation is food and non-alcoholic beverages, as well as transportation.

00:39 And when it comes to food inflation, the reason for the increase is cereal and cereal products,

00:45 including rice and corn.

00:49 Undersecretary Arsenio Balisacan, the government continues to assist vulnerable sectors

00:57 through targeted assistance while food prices continue to rise.

01:02 Among the government's actions are the food stamp program,

01:08 fuel subsidy and even the establishment of a new buying price of rice.