Inflation rate, bumaba nitong Oktubre | Saksi - video Dailymotion

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Transcript

00:00 The inflation rate has dropped this October

00:02 due to the slowdown in the price of food and drinks in the country.

00:07 But what about this November?

00:09 Watch this! Bernadette Reyes!

00:11 The slowdown in the price of goods and services

00:18 in the Philippines is being tested this October.

00:20 4.9% was slowed down due to the slowdown in the price of food

00:24 such as rice and tomatoes.

00:27 Orders for food and drinks have also slowed down,

00:30 even for restaurants and cafes.

00:32 But again, it's still October.

00:34 What about this November?

00:36 If we don't see any shocks, supply shocks,

00:39 our view is that the inflation rate will go down.

00:44 The price cap has been lifted to make rice cheaper.

00:47 It had an effect on the last part of September

00:51 going to the month of October.

00:53 But the price cap has been lifted and rice is now cheaper.

00:57 In the latest price monitoring of the Department of Agriculture,

01:01 the price of well-milled rice in the Dagonoy Market in Manila

01:05 has increased to P55 per kilo.

01:07 But yesterday, it increased to P57 per kilo in Quinta Market.

01:11 Our orders are increasing.

01:13 We are just trying to make a profit.

01:17 Rice has also become more expensive in this market.

01:19 I also increased the price a bit.

01:22 Before, it was P12, now it's P15.

01:25 Rice production has been reduced due to the pest.

01:28 The Agriculture Department said that it has not had a negative effect

01:32 and they are now moving so that the stem borer infestation does not go away.

01:37 What about inflation in December when demand increases?

01:42 Because of that, there are some challenges

01:44 and that's why the price is being monitored.

01:47 We need to closely monitor to ensure that its decrease is sustainable.

01:53 For GMA Integrated News, Bernadette Reyes, your witness.

01:58 Kapusos, let's be witnesses together.

02:01 Subscribe to GMA Integrated News on YouTube.

02:04 For Kapusos Abroad, join us on GMA Pinoy TV and www.gmanews.tv.

02:12 Kapusos Abroad.

Inflation rate, bumaba nitong Oktubre | Saksi

Transcript

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