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NewsTranscript
00:00After a delay of two consecutive months, the price of products and services in the country rose again this October.
00:11According to the Philippine Statistics Authority, the inflation rate in the past month was 2.3 percent.
00:17Although it rose, this is the second-lowest inflation rate this year, 1.9 percent in September.
00:24According to the PSA, the main reason for the rapid inflation is the faster rise in the price of rice,
00:30as well as the slower drop in the price of some kinds of vegetables and fish.
00:35The increase in the price of liquefied petroleum gas or LPG and water also contributed to the rapid inflation.
00:44According to the National Economic and Development Authority or NEDA, inflation was still a target of the government this October.
00:50The NEDA is now focusing on maintaining a stable food price following the taste of the typhoons.