Phl inflation nitong Setyembre, umabot lang sa 1.9% ayon sa PSA;

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Phl inflation nitong Setyembre, umabot lang sa 1.9% ayon sa PSA;   Pagbaba ng food inflation, dahil umano sa mas mabagal na pagtaas ng presyo ng bigas     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 - 8:00 am Bagong Pilipinas Ngayon - 12:00 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:00 pm - 7:00 pm PTV News Tonight -  9:30 pm - 10:30 pm  Saturday & Sunday: ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00After four years, the country recorded the slowest inflation or increase in the price of goods and services.

00:09This was in September, where it was even lower than expected.

00:14What is the reason for this? Let's find out in the news center of Joshua Garcia.

00:21Inflation in the Philippines decreased by 1.9% according to the data of the Philippine Statistics Authority.

00:27This was only last month of September. This is the lowest rate recorded since May 2020.

00:34It is lower than 3.3% in August 2024 and 6.1% in September 2023,

00:42while the year-to-date average inflation from January to September is at 3.4%.

00:48According to National Statistician Undersecretary Claire Dennis Mapa,

00:52this is a result of the slow increase in the price of food, drinks, and transportation.

00:57The lower inflation in the household, water, electricity, and gas also helped,

01:02which slowed down the overall increase in the price.

01:05So based on the computation, it's again, it's a combination,

01:07but the impact of lowering the price of other items is substantial,

01:15especially when they are negative relative to the base effect.

01:19But base effect, because of the computation, really has an impact on the 1.9%.

01:26In Metro Manila, the inflation decreased by 1.7% from 2.3% in August.

01:32Due to the slow increase in the price of household and transportation while outside the NCR,

01:37the inflation decreased by 2% from 3.6% last month.

01:42The Ilocos region recorded the lowest inflation rate of 0.6%,

01:47while Western Visayas recorded the highest inflation rate of 3.4%.

01:52If our inflation rate decreases, it means that the price of our goods has decreased.

01:59But if we look at individual items or some group of items,

02:05there are some that fell, negative.

02:07It means that the price really decreased.

02:09So an example of this is transport, gasoline, diesel, tomatoes, those are negative.

02:16But overall, this is 1.9%.

02:19Overall, it means that it still increased, but at a slower rate.

02:25If we compare the previous year's 1.9% inflation rate,

02:29it decreased a lot from 6.1% in September 2023,

02:34which shows a big change in the speed of increasing the prices of goods and services within a year.

02:41Meanwhile, according to the National Economic and Development Authority or NEDA,

02:44the government continues to push for measures to maintain a stable price of primary goods,

02:50such as the implementation of Executive Order No. 62, which lowers the price of rice tariffs,

02:55the Agri-Puhunan and Pantawid Program,

02:57as well as the ongoing fight against African Swine Fever or ASF,

03:01and the passing of the Anti-Agricultural Economic Sabotage Act,

03:04which aims to stop hoarding and other illegal activities.

03:07According to the NEDA, the government is also preparing to face the effects of the pandemic

03:12to maintain a sustainable price of goods.

03:14Joshua Garcia for Pambansang TV in Bagong, Philippines.

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