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NewsTranscript
00:00Inflation or the rate of inflation of goods will increase by 3.3% this August.
00:05But it is expected that the next few weeks will be the time when there will be a typhoon
00:09and the price of some agricultural products will drop.
00:13We have the first news, Bernadette Reyes.
00:20After the almost continuous increase in the rate of inflation of goods since January
00:25and the increase of inflation by 4.4% this July,
00:29the rate of inflation of goods will decrease by 3.3% this August.
00:34The slow rate of inflation of food such as rice
00:38and the drop in the price of vegetables and fish
00:41has also helped to lower the price of oil and shipping.
00:45If we're talking about regions,
00:47the rate of inflation of goods in Ilocos Region is the slowest
00:50while it is the fastest in Davao Region.
00:53According to the Philippine Statistics Authority,
00:55it is expected that the inflation of rice will decrease by a single digit.
00:58This is the heaviest and heaviest in the bottom 30%
01:02or the poorest in the country.
01:05As of now, the price of rice is slowly decreasing.
01:09We hope to see bigger drops in the coming months,
01:14particularly in September and October.
01:16According to Sec, by October,
01:19we will start to feel the effect of EO62.
01:25Now, let's see what will be the effect of the following bad weather
01:29on the price of some agricultural products.
01:32The first thing that will be affected if there is a storm
01:35would be the vegetables, eggs in particular.
01:38In Bicol alone, the last storm hit the agriculture
01:42at a price of more than P350 million.
01:44As for rice, according to the Agri-Department,
01:47it is expected to rain from other regions.
01:50We are not yet overcoming our annual losses,
01:57especially for rice.
01:59This is the first news.
02:00Bernadette Reyes for GMA Integrated News.
02:04For the latest news,
02:06subscribe to GMA Integrated News on YouTube.
02:09For those abroad,
02:10follow us on GMA Pinoy TV and www.gmanews.tv.
02:20Transcription by ESO. Translation by —