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NewsTranscript
00:00Hot news, the country's inflation rate for goods and services in the last month of 2024 has increased by a lot.
00:07According to the Philippine Statistics Authority, the inflation rate of December was 2.9 percent.
00:13This is the third month in which the inflation rate has increased rapidly.
00:17According to the PSA, the main reason for the rapid inflation is the rapid increase in the price of electricity,
00:23house rents, and liquefied petroleum gas or LPG.
00:27It is also due to the rapid inflation of the slow decrease in the price of gasoline and diesel,
00:32as well as the faster increase in the price of shipping.
00:36For the whole of 2024, the average inflation was 3.2 percent, the lowest since 2021.
00:43According to the National Economic and Development Authority or NEDA, this is a target for the government.
00:49The government continues to prepare food security for the country,
00:52especially since it is expected that the effects of the pandemic will last until February.