Marcos Jr.’s gov’t social programs helped slow down PH inflation
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NewsTranscript
00:00On top of the news, a combo of monetary policy reforms, social development programs and subsidies and slowing down the rise in food prices was government surefire formula to rein in inflation substantially with a nearly two and a half percentage point decline since a year ago.
00:18Our Christian Bascones enumerates a number of government's programs that have helped bring down inflation plus its relentless efforts to slash the cost of the country's stable grain millions can't live without in this report.
00:34ACA, Cibol, Card, Isip, Farm, Tupad and Forpeace.
00:40These are social assistance programs from the government that have supported those in the vulnerable sectors to increase their spending capacity.
00:48In addition to monetary policy adjustments by the Banco Central ng Pilipinas, the close monitoring of prices of basic commodities and most importantly, the declaration of a food security emergency to address the rice price hike.
01:01These are among the big contributing factors why the inflation rate dropped in April this year.
01:07According to the latest data from the Philippine Statistics Authority, the inflation rate dropped to 1.4% in April 2025 compared to 3.8% in the same month in 2024 and 1.8% in March 2025.
01:21Alam natin na yung pinakamataas na weight doon sa ating basket ay bigas at ito ay talagang pababa na itong April 2025.
01:35Ang ating inflation for rice ay nasa negative 10.9%.
01:40So malaking contribution ito doon sa pagbaba ng presyo ng overall na pilihin at servisyo sa bansa.
01:48The price per kilo of regular milled rice in April this year was at P44.45, lower than April 2024's price of P51.25, and March 2025's price of P46.09.
02:04For well-milled rice, the price stood at P50.54 per kilo in April, as opposed to P56.42 per kilo in April 2024, and P52.20 per kilo in March this year.
02:19As for special rice, the price was P60.69 per kilo this April, compared to P64.68 per kilo in April 2024, and P62.50 per kilo in March 2025.
02:34Meanwhile, the government's program of selling rice at P20.00 per kilo has greatly contributed to the decrease in overall inflation.
02:42Mas malaki ang impact pag umabot na doon sa P20.00 na yung price.
02:49Binabantayan natin ito sa ngayon, sabi ko nga kanina doon sa regular milled na sa P40.00 level, negative 13.3% na.
03:02So, pag bumaba pa ito, of course, mas malaki yung contribution niya doon sa pagbaba ng overall inflation.
03:11Kasi, sabi ko nga kanina, yung bigas ang isa sa may pinakamataas na weight sa ating overall inflation basket, ito ay may weight na 8.9%.
03:21According to the PSA report, these are the three major reasons for the slowdown in inflation.
03:27First is the tumble in price of cereals and cereal products.
03:31Second is the drop in the price of vegetable and fruits.
03:34And third is the decline in the price of fish and other seafood products.
03:39The average inflation from January to April dropped to 2%, marking the lowest recorded inflation since November 2019.
03:48This is Christian Bascones from PTB Manila.
03:51Balitang Pambansa.