Palace reacts to deceleration of PH inflation rate
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NewsTranscript
00:00Meanwhile, the Palace highlighted the country's 1.8 percent inflation rate in March, the lowest
00:06recorded in the past five years.
00:09During a Palace Press briefing, Palace Press Officer Undersecretary-Attorney Claire Castro
00:14said that the decline was largely driven by slower price increases in food and non-alcoholic
00:21beverages.
00:22One notable factor was the 7.7 percent drop in rice prices, a steeper decline compared
00:28to the 4.9 percent recorded in February.
00:32The Palace also assured the public that the government remains committed to delivering
00:36jobs and quality public services, especially to the underprivileged.