Inflation ng bansa, inaasahang babagal pa ayon sa DOF; 300 idle containers ng bigas, naialis na ayon kay D.A. Sec. Tiu Laurel
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NewsTranscript
00:00The overall inflation dropped from 3.3 percent in August to 4.4 percent in July due to the slow food and non-food inflation.
00:10In a Malacanang press briefing, Finance Secretary Ralph Recto said that the country's inflation is on a downward trend
00:18where inflation is expected to drop to 2.5 percent this month.
00:24Inflation is expected to drop from 2.9 percent to 3.1 percent next year.
00:31The decrease in rice prices is also a big help and it is expected to continue for the next few months.
00:38The DOF also hopes that the price of rice will be lower by Christmas.
00:44Meanwhile, Agriculture Secretary Francisco Chu Laurel Jr. said that
00:49more than 300 idle containers are being loaded with rice that are being taken out of the Manila International Container Port.
00:58The DOF is also encouraging importers to remove the said containers.
01:04The beauty about reducing inflation is that your GDP growth goes up and more jobs can be created, your borrowing cost goes down
01:13and it will be a good map.
01:17We will also have a BSP meeting by October and possibly we can reduce interest rates further.
01:24The government's interest rate is lower now but more than anything else, the interest rate will go down.
01:31For example, on the credit card of Juan de la Cruz.
01:34It will go to Christmas.