00:00 In the next three months, inflation has increased
00:02 and the price of products and services in the country has increased.
00:05 According to the Philippine Statistics Authority,
00:07 the inflation rate this April was 3.8%.
00:10 As of now, this is the fastest inflation rate this year.
00:14 According to the PSA, the main reason for the rapid inflation
00:18 is the rapid increase in food prices and non-alcoholic beverages,
00:22 particularly rice, onions, bananas, fish, and other seafood.
00:29 The rapid inflation is also due to the high price of gasoline and diesel.
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