00:00 Prices of goods are slowing again for the next 6 months.
00:05 But the effects of the prices of goods of two typhoons and typhoons are being monitored.
00:11 Sandra Aguinaldo has the story.
00:13 The slowdown of inflation or the rapid increase of the prices of goods and services
00:22 that were recorded at 4.7% this July.
00:25 According to the Philippine Statistics Authority, this is the 6th month this year that has recorded a slowdown in inflation.
00:34 This is lower than the 5.4% that was recorded last June.
00:39 The reason for the slowdown in inflation, said the PSA, is the slow movement of the prices of rent in the house,
00:46 water, electricity, LPG and other fuels.
00:49 The slow movement of food prices, like fish and other seafood, beef, pork and chicken,
00:57 to be non-alcoholic drinks.
00:59 The same is also the case with jeepney, airplane and bus.
01:02 But the PSA also said that there are still products that are continuously increasing inflation,
01:09 like rice, cereals and other cereal products, vegetables, onions, banana sap, eggs, milk and other dairy products.
01:18 I can buy pork and it will be reduced. Instead of 1 kilo, I can buy 3 pork.
01:24 Instead of 500, I can reduce it because if you don't save it, you won't have anything to buy rice.
01:34 It's still high. What we need is what we can buy every day.
01:39 The PSA explained that the prices are constantly increasing, so they are continuously monitoring.
01:45 Especially now that two typhoons have passed and the weather has been rainy for several weeks.
01:50 If you look at the past periods, we had typhoons, I said earlier, normally we have spikes in the prices of vegetables.
02:00 And we will have to check on that here in August.
02:04 They also say that rice is being monitored by a large portion of the Filipino food basket.
02:10 The rice inflation overall is 4.2% in July versus 3.6% in June.
02:18 So you're right, it's increasing. The weight of the rice, we know that the weight of the rice in the basket is 9%.
02:27 So this is what we are looking at. This is one of the threats to increase inflation.
02:32 For GMA Integrated News, Sandra Aguinaldo, for Tutok 24 Hours.
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02:58 [♪♪]
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