00:00Headline! Inflation remained at 2.9% in January, same as the rates from December 2024, according to the latest report of the Philippine Statistics Authority.
00:11Easter or faster overall inflation was seen from food and non-alcoholic beverages that had 3.8% and 50.3% share.
00:21This was followed by housing, water, electricity, gas, and other fuels with 2.2% inflation and 16.5% share.
00:32Moreover, some basic commodities like corn, flour, bread, fruits, peanuts, and other products reported slower price increase.
00:40Also, deflation in rice was recorded at negative 2.3%, the lowest since the negative 2.8% tallied in June 2020.
00:50National Economic Development Authority or NEDA Secretary Arsenio Balisatan stated that a stable inflation rate means that a program of the government has a positive effect in the country.
