00:00The government is working hard to achieve a lower inflation rate in the next few months.
00:07Another factor is food security, which has a big impact on inflation.
00:14Kenneth Paciente is in the center of the news. Kenneth.
00:19Yes, Aljo, the National Economic and Development Authority believes that the country will achieve a lower inflation rate in the next few months.
00:27In the new Philippines program, Undersecretary Rosemary Edilion said that the government is working hard to achieve a 2% to 4% inflation rate.
00:38And she saw the results after 1.9% of the country's low inflation rate was recorded this September.
00:45So if Aljo follows from January to September, the country's year-to-date inflation is at 3.4%.
00:52According to the official, food security has a big impact on the movement of inflation.
00:59Because of the slow inflation rate, NEDA is confident that the purchasing power of the Filipinos will increase, especially this Christmas.
01:07NEDA can see the reason for the recovery of the tourism industry in the country due to the decrease of the unemployment rate, which is currently at 4%.
01:16However, they are still not taking care of the challenges in the labor force, including underemployment and job mismatch.
01:23That's why Aljo, the work for the country's plan was launched, a 10-year roadmap that will be a guide for a more active and strong employment generation in the country.
