Inflation rate nitong Oktubre, bumaba sa 4.9% | UB - video Dailymotion

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Transcript

00:00 The 4.9% inflation rate in the country was recorded this October.

00:04 It's lower than that of September.

00:07 First up, Bernadette Reyes.

00:09 The slowdown in the prices of goods and services

00:16 for Filipinos in October is evident.

00:18 The slowdown in food prices, such as rice and tomatoes,

00:22 is due to the 4.9%.

00:25 The slowdown in the prices of food orders

00:28 in restaurants and cafes is also evident.

00:30 But again, it's still October.

00:32 What will happen this November?

00:34 If we don't see any shocks, supply shocks,

00:37 our view is that the inflation rate would go down.

00:42 Although we have some threats

00:46 in increasing prices, like in milk, dairy, eggs,

00:51 it's increasing,

00:53 although the weight in the basket is not substantial.

00:57 The price cap was lifted to make rice cheaper.

01:01 It had an effect in the last parts of September

01:04 going to the month of October.

01:07 From the price of rice of P50+

01:09 to P45 in well milk.

01:12 But the price cap was lifted

01:13 and rice prices were increased again.

01:16 Our orders are increasing.

01:18 When the price ceiling was removed,

01:20 it was cheaper again.

01:21 We have nothing to do.

01:22 We just do our part to make it more affordable.

01:25 Rice prices are also higher in this market.

01:28 I also increased the price a bit.

01:30 How much?

01:31 Before P12, it was P15.

01:34 The production of rice was reduced due to the pest.

01:37 Some people were hit by the steam borer.

01:39 The rice was enriched.

01:43 You can see that there's rice, but there's no meat.

01:48 The Agriculture Department said

01:50 that the effect is not minor

01:52 and they are moving

01:53 so that the steam borer infestation won't be affected.

01:56 Only about 5 to 10% was affected.

02:01 So it's very small.

02:02 But it won't affect the overall production.

02:06 What about the inflation in December

02:09 when the demand is increasing?

02:11 Because of that, there's a slight challenge

02:14 and that's why the price is being monitored.

02:16 We need to closely monitor

02:18 to ensure that the decrease is sustainable.

02:23 We would not expect a major.

02:26 We can sustain that growth,

02:28 that reduction in the coming months.

02:31 This is the first news.

02:32 Bernadette Reyes for GMA Integrated News.

02:37 For the latest news,

02:38 visit and subscribe to GMA Integrated News on YouTube.

02:42 For Kapuso Abroad,

02:43 join us on GMA Pinoy TV

02:45 and www.gmainews.tv.

02:48 [ ♪ ]

Inflation rate nitong Oktubre, bumaba sa 4.9% | UB

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