00:00The administration of President Ferdinand R. Marcos Jr. maintained the target inflation rate for 2024, which has an average of 3.2%.
00:10According to the National Economic and Development Authority, the inflation rate was lower last year compared to the 6% recorded in 2023.
00:20According to NEDA Secretary Arsenio Balizacan, this proves the effective and successful steps of the government to reduce the effect of rising prices.
00:30In addition, the government will strive to maintain the inflation rate in 2025.