Inflation rate ng bansa, bumagal pa sa 1.9% nitong Setyembre
Inflation rate ng bansa, bumagal pa sa 1.9% nitong Setyembre
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NewsTranscript
00:00The inflation rate of products and services in the country increased by 1.9% in September 2024.
00:09According to the Philippine Statistics Authority or PSA,
00:12this is lower than the estimated 3.3% inflation in August.
00:18This is also the lowest inflation rate estimated since May 2020.
00:24According to the PSA, the national average inflation from January to September was estimated at 3.4%.
00:31According to the PSA, the primary reason for the lower inflation rate in September
00:37is the lower price of food and non-alcoholic beverages, which is at 1.4%.
00:43Another reason is the rapid decrease in the price of transport, which was estimated at 2.4% inflation.
00:51The third reason for the lower inflation rate
00:54is the lower price of housing, water, electricity, gas, and other fuels, which was estimated at 3.2%.
01:03Again, the government stands by its commitment to stabilize the prices of the primary goods in the country.
01:10According to the National Economic and Development Authority or NEDA,
01:14the continued decrease in inflation is expected to strengthen confidence in the country's population and expand business.