October inflation settles to 2.3% but still within gov't's target range
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NewsTranscript
00:00The country's inflation rate settles to 2.3 percent in October but is still within the
00:05government's target range of 2.2 to 4 percent. The National Economic and Development Authority,
00:11or NEDA, assured the prices of basic goods remain stable despite the slight uptick.
00:16The Philippine Statistics Authority, or PSA, attributed the slight rise in inflation
00:22primarily to increased prices of food and non-alcoholic beverages, particularly rice.
00:27Meanwhile, Finance Secretary Ralph Recto assured the public
00:30the country is still on track to meet its 2024 inflation target.