00:00 that the inflation or the movement of products and services in the country was recorded at 3.4% in February 2024.
00:10 According to the Philippine Statistics Authority,
00:12 the main reasons for the higher inflation in February compared to January
00:18 are the rapid increase in food and non-alcoholic beverages, which was recorded at 4.6% inflation.
00:26 Next is the increase in transportation prices, which was recorded at 1.2%.
00:32 The third reason for the increase in inflation is the rapid increase in housing, water, electricity, gas, and other fuels
00:42 that has a high 0.9% inflation.
00:46 The government is continuing to push for the implementation of measures
00:52 to lower the prices of goods in the country and reduce the impact of inflation on consumers.
00:58 The 3.4% February inflation rate remains in the target range.
Comments