Palace attributes lower PH inflation to government’s steps to address inflationary pressures

PTVPhilippines

Palace attributes lower PH inflation to government’s steps to address inflationary pressures  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00The Palace expressed satisfaction with the country's lower headline inflation rate last month

00:05and credited the slowdown to President Ferdinand R. Marcos Jr.'s administration

00:09for its effective response to inflationary pressures.

00:12During a Malacanang press briefing,

00:14the Palace welcomed the drop in the inflation rate to 2.1% in February,

00:19down from 2.9% in January.

00:22The biggest decline since September last year incited key factors in the decline.

00:27According to the Palace, the Marcos administration's measures played a significant role

00:31in stabilizing prices,

00:33noting that the recorded 2.5% average inflation rate

00:36remains within the government's target range of 2-4%.

00:40Meanwhile, the National Economic and Development Authority, or NEDA,

00:44ensures the continued implementation of measures to further slow down the country's inflation.

00:51According to the National Economic and Development Authority,

00:54the continued decline in the inflation rate is an indication

00:58that the government's actions are effective

01:03against the so-called inflationary pressures.

01:07The agency will also strive to maintain a low inflation rate

01:13and to immediately address the possible rise in other commodities.

Category

Transcript

Recommended