Inflation rate, bumaba nitong Oktubre | Saksi
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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.
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02:12 Kapusos Abroad.