00:00The National Economic and Development Authority has assured that the country is still on track
00:06when it comes to the movement of the prices of the main commodities in the country.
00:09This is despite the fast pace of inflation this October.
00:13This is Joshua Garcia's report.
00:18The National Economic and Development Authority has assured
00:20that the prices of the main commodities in the country are still stable.
00:23This is despite the fast pace of inflation for the month of October this year.
00:28According to NEDA, even though it increased by 2.3% in October
00:33from 1.9% in September, it is still considered stable
00:37if it is based on the target of the government of 2.0% to 4.0% of the inflation rate.
00:42The Philippine Statistics Authority or PSA has explained that
00:44the main cause of the fast pace of inflation
00:47is the increase in the prices of food and non-alcoholic beverages, especially rice.
00:51According to National Statistician Dr. Dennis Mapa,
00:54it is also a source of calamities and it can still be experienced
00:58until the next few weeks, this November.
01:23According to the PSA, even though the price of some foods like vegetables
01:27seafood, chicken, and bananas are still high, the prices of rice and corn are still high.
01:34Our expectation is that this is just a blip,
01:40and we expect that it will go down.
01:43Again, inflation rate and of course the price level per kilo
01:48in the coming months, November and December.
02:03According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:06According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:08According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:11According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:14According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:16According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:18According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:20According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:22According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:24According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:26According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:28According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:30According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:32According to the PSA, it is still a source of calamities and it can still be experienced until the next few weeks, this November.
02:34According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October is still within their forecast range of 2.0% to 2.8%.
02:36According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October is still within their forecast range of 2.0% to 2.8%.
02:38According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October is still within their forecast range of 2.0% to 2.8%.
02:40According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October is still within their forecast range of 2.0% to 2.8%.
02:42According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October is still within their forecast range of 2.0% to 2.8%.
02:44According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October is still within their forecast range of 2.0% to 2.8%.
02:46According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October is still within their forecast range of 2.0% to 2.8%.
02:48According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October is still within their forecast range of 2.0% to 2.8%.
02:50According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October is still within their forecast range of 2.0% to 2.8%.
02:52According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October is still within their forecast range of 2.0% to 2.8%.
02:54Joshua Garcia for Pambansang TV in Bagong, Philippines.
