00:00The Department of Finance called the 2.9% inflation rate good news in January of this year.
00:06According to Finance Secretary Ralph Recto, this is an indication to make the prices of goods stable and to lower the interest rates in banks.
00:17However, due to the effects of the recent typhoons, the inflation rate rose to 3.8%, from 3.4% in December 2024.
00:29This is also the reason why the prices of vegetables and other goods rose.
00:34In spite of this, Recto insisted that the government will not compromise because they will still find a way to make the prices of goods in the country stable and affordable.
