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NEDA, tiniyak na on-track ang bansa sa galaw ng presyo ng mga pangunahing bilihin
PTVPhilippines
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11/6/2024
NEDA, tiniyak na on-track ang bansa sa galaw ng presyo ng mga pangunahing bilihin
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00:00
The price of goods remained stable despite the increase in inflation in NEDA.
00:05
A congressman who is a Red Flag candidate did not see the alleged inflation.
00:10
Joshua Garcia with the report.
00:15
The National Economic and Development Authority assured that the price of primary goods in the country remains stable.
00:20
This is despite the alleged increase in inflation for the month of October this year.
00:25
According to NEDA, despite the increase of 2.3% in October from 1.9% in September,
00:32
it is still considered stable if we base it on the government's target of 2.0% to 4.0% inflation rate.
00:38
The Philippine Statistics Authority or PSA explained that the main cause of the increase in inflation
00:44
is the increase in the price of food and non-alcoholic beverages, especially rice.
00:48
According to National Statistician Dr. Dennis Mapa,
00:51
this is also followed by calamities and it can still be experienced until the next few weeks, now in November.
00:57
So there are prices that are rising.
01:00
And of course the expectation is that this month of November,
01:05
maybe the first two weeks, we will still see the price of vegetables rise.
01:13
So we are tracking that.
01:15
Normally we see that after the typhoon and then it will normalize again.
01:20
According to the PSA, despite the increase in prices of some foods such as vegetables,
01:25
seafood, chicken and bananas, the price of rice and corn is still high.
01:30
Our expectation is that it will peak.
01:36
This is just a blip.
01:39
And we expect that it will go down again.
01:41
Inflation rate and of course the price level per kilo in the coming months, November and December.
01:50
While the housing, water, electricity and other fuel products sectors are also heavily affected by inflation.
01:56
Congressman Joey Salceda is adamant that he does not see the red flag data that was shown in October on the inflation rate of the country.
02:03
Instead, it is clear that the economy has recovered from the crises it has experienced,
02:08
particularly in the past years of 2022 and 2023.
02:11
Salceda also added that the policies of President Ferdinand R. Marcos Jr. have helped a lot
02:16
when it comes to reducing tariffs, especially for consumers who are not affected by local farmers.
02:22
The government's efforts and actions have also continued to address challenges such as trials,
02:27
especially in bad times, which also have a contribution to increasing the inflation rate in the country.
02:31
According to the Central Bank of the Philippines, the inflation rate of 2.3% for the month of October
02:37
is still within their forecast range of 2.0% to 2.8%.
02:42
Meanwhile, their Monetary Board continues to implement measures to ensure price stability
02:48
and to maintain the economic recovery.
02:50
Joshua Garcia for Pambansang TV in Bagong, Philippines.
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