Inflation o pagtaas ng presyo ng mga bilihin, bumagal sa 3.3% nitong Agosto ayon sa PSA
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NewsTranscript
00:00The increase in the price of goods and services in the country was a big one this August or the inflation.
00:08According to the Philippine Statistic Authority, from 4.4% last July, the inflation rate of the Philippines dropped last month to 3.3%.
00:19It also dropped significantly from the initial inflation in August of last year, which rose to 5.3%.
00:28Explained by National Statistician and Civil Registrar General Undersecretary Claire Dennis Mapa,
00:34one of the main reasons for the slowdown of the headline inflation is the slowdown in the price of food.
00:43From 8.2% in August 2023 to 6.7% in July, the food inflation dropped to 4.2% last month.
00:54The main reason for the slowdown in food inflation is rice.
01:00According to NEDA Secretary Arsenio Balisacan, the continued slowdown in inflation will help our needs, especially when it comes to food.
01:12Despite this good news, the government's continued efforts to reduce the possible effects of the La Niña Phenomenon,
01:22other weather disturbances, and other diseases that may affect the livestock industry of the country.