Mas mabagal na inflation rate sa mga susunod na buwan, kayang abutin ayon sa NEDA

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Transcript

00:00The National Economic and Development Authority is confident that the inflation rate will be lower in the coming months.

00:07This is what Kenes Paciente has to say.

00:12Following the alleged slowdown of the inflation rate in the country this September at 1.9%,

00:18the National Economic and Development Authority is confident that the inflation rate will be lower in the coming months.

00:25According to NEDA Undersecretary Rosemary Edilion,

00:27the government is working hard to reduce the 2% to 4% inflation rate.

00:33And she has seen the fruits of this after the alleged inflation rate this September.

00:38So if you add up from January to September, the year-to-date inflation of the country is at 3.4%

00:44even though she is now focusing on food security, which is a big contributor to the movement of inflation.

00:55There is an Interagency Committee on Inflation and Market Outlook.

00:58So we have a sub-committee on food and a sub-committee on non-food.

01:02So what this is doing is really looking at the trends here in the country and outside the country

01:09so that we can anticipate.

01:11Because what we really need here is to anticipate the developments

01:15so that we can do something.

01:17Because of this slowdown, NEDA insisted that the purchasing power of the Filipinos will be stronger,

01:24especially now that the holiday season is approaching.

01:26They can really be confident about the prices of consumer goods.

01:33So we can see that the demand can really increase.

01:37The demand will really increase because of Christmas.

01:41But in addition, because of the higher confidence, the demand is even higher.

01:48Meanwhile, the recovery of the tourism industry is the main reason for NEDA to lower the unemployment rate in the country

01:54which is now at 4%.

01:56However, they are still not able to overcome the challenges in the labor force

02:00including underemployment and job mismatch.

02:03That's why they launched the Work for the Country Plan,

02:06a 10-year roadmap that will be a guide for a more active and strong employment generation in the country.

02:13It is proven that NEDA is now visiting various parts of the country to conduct consultations on this.

02:18Our objective here is for our labor market to be very dynamic,

02:24to be very agile.

02:26Because what we can see is that although our unemployment rate is decreasing,

02:30we can still see that underemployment is still high.

02:33And the quality of employment is one of the things that needs to be fixed.

02:38NEDA is also working to strengthen the labor force in the country

02:41by strengthening the access of workers on the internet

02:44through the implementation of the Connected Filipino Bill

02:47for the upscaling and re-tooling of Filipino workers with the help of the internet.

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Transcript

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