Saksi is GMA Network's late-night newscast hosted by Arnold Clavio and Pia Arcangel. It airs Mondays to Fridays at 10:20 PM (PHL Time) on GMA-7. For more videos from Saksi, visit http://www.gmanews.tv/saksi.
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NewsTranscript
00:00According to the Philippine Air Force, they reached out to Guarte's family
00:05and promised that they will provide assistance and support.
00:09The Philippine Air Force will also assist in the investigation of the Calapan City Police.
00:16Meanwhile, inflation or the price of goods will increase in December 2024
00:21according to the data of the Philippine Statistics Authority.
00:24Is it possible that inflation will increase in 2025?
00:28Witnessed by Bernadette Reyes.
00:33Since the start of the Marcos administration, the price of rice is one of the most targeted.
00:38But in the monitoring of the Department of Agriculture,
00:41the price of imported rice reached more than Php 60.
00:44Now, its price is only more than Php 43 when it enters the country or the so-called landed cost.
00:51The price of rice should be Php 51, Php 52.
00:56So it should be less than Php 60.
00:59Depending on where it is imported and the type of rice, the landed cost will be different.
01:04According to the Philippine Rice Industry Stakeholders Movement,
01:07there are members who import rice.
01:10It is said that the group has a higher price of more than Php 60 that is monitored by the DA.
01:15If the type of rice is good, its price should be below Php 60.
01:21According to SINAG, the most expensive well-milled rice and other 5% broken rice should be Php 45 to Php 47
01:29depending on where the country originates from.
01:31All those who sell beyond Php 45 to Php 47 are profiteers, Sir Jason?
01:37Can the government chase them based on the new law?
01:40They can be charged under the Anti-Agricultural Economic Sabotage.
01:44How can they not be charged?
01:47The DA will help stakeholders to discuss the creation of a maximum suggested retail price
01:52or the highest price for rice.
01:55I'm just waiting for the computation.
01:57The MSRP is dependent on the type of rice.
02:05There is a basis of computation as to why the suggested retail prices should be up to this point.
02:12So, it's maximum.
02:14According to the Philippine Statistics Authority,
02:17the price of rice is already falling among the families
02:20and there is an indication that this can continue.
02:24President Bongbong Marcos will also help the DA.
02:27He assured that the price of rice is being targeted, as well as the price of tomatoes,
02:33along with the issue of hoarding and smuggling.
02:36The star of the moment is tomatoes.
02:40We noticed that.
02:42Other times, mostly rice.
02:45From the beginning of my service in the Cabinet,
02:49we were wondering how that would happen.
02:53There is sufficient supply, but the prices don't go down.
02:57Although many are still in love with rice,
03:00according to the National Economic and Development Authority,
03:03rice inflation slowed in December 2024,
03:07the slowest since January 2022.
03:10According to the Philippine Statistics Authority,
03:13the inflation rate increased by 2.9% in December 2024,
03:17compared to 2.5% in November.
03:20But the average inflation rate for the whole year was 3.2%,
03:25lower than 6% in 2023,
03:29and entered the target range of the government.
03:32When the PSA asked if there is a possibility that inflation will speed up,
03:35good news can be seen in the price of rice.
03:38We're seeing the trend going down.
03:40So this is what I'm saying,
03:42that there is a possibility that the inflation for rice will be negative this January.
03:48But when it comes to other products,
03:50we can still see an increase, particularly in vegetables.
03:54As I said earlier, tomatoes are still increasing.
03:57The critical of course would be the transportation,
04:00the weekly changes in the price of fuels, diesel and gasoline.
04:07For GMA Integrated News, Bernadette Reyes, your Saksi.