Unang Balita is the news segment of GMA Network's daily morning program, Unang Hirit. It's anchored by Arnold Clavio, Susan Enriquez, Ivan Mayrina, and Mariz Umali, and airs on GMA-7 Mondays to Fridays at 5:30 AM (PHL Time). For more videos from Unang Balita, visit http://www.gmanetwork.com/unangbalita.
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NewsTranscript
00:00 The highest price of rice in the Philippines in the last 15 years is February, according to the Philippine Statistics Authority.
00:07 According to the National Economic and Development Authority, the price of food in the Philippines is likely to increase.
00:14 Here's the first news, Bernadette Reyes.
00:17 After a few months of slowdown, the price of products and services in the country has again increased.
00:28 From 2.8% last January, it has increased to 3.4% this February.
00:34 Among the reasons for the higher inflation, the price of food, like rice, has increased faster.
00:41 In fact, rice is the biggest contributor to inflation.
00:45 This is the highest rise in inflation since 2009 or in the last 15 years.
00:52 It's really increasing, even month on month. Of course, there are impacts of increases that we have seen.
01:02 At the same time, as I mentioned last month, the rise in inflation was low last year, from January to sometime July.
01:14 Assuming no reduction in the price and the movement will continue,
01:19 we should be expecting high rise in inflation until July or August this year.
01:24 The bottom 30% households feel that the highest price of rice is the most difficult to achieve in the country.
01:32 These relatives are helping to increase the high price of rice.
01:38 We are very young, we are cousins.
01:44 I will just share the rice and vegetables.
01:56 The Department of Agriculture also believes that the price of rice will decrease,
02:01 especially the rise in the price of rice from March to April, while the price of rice is also decreasing in the world market.
02:08 We are expecting to harvest more rice. Naturally, during this time, the price of rice will decrease,
02:20 which in turn will drive down the price of rice.
02:24 We expect that our harvest and production will increase.
02:29 However, the National Economic and Development Authority, ONEDA,
02:33 is worried about the possible effects of the inflation of El Nino, which could increase the price of food.
02:39 This is the first news. Bernadette Reyes for GMA Integrated News.
02:45 (In Tagalog)
02:57 (Music)