00:00The prices of goods and services in the country increased by 4.4% this July.
00:07It surpassed the target inflation range of the government.
00:10This is due to the effects of the typhoon and typhoon.
00:13It is possible to feel it this month.
00:15Dano Tingkungko was able to stop it.
00:20I will be able to buy more than 1,000 last year.
00:23It's not enough.
00:25The observation of his friend Anna-Lena Jenny Rose
00:28reflects the rapid increase in the prices of goods and services or inflation.
00:34It's 4.4%.
00:36It's faster than the prices in June and it's the highest this year.
00:40But it's slower than the increase in the prices of goods in July 2023.
00:44It surpassed the target inflation range of the government.
00:48But it's still within the average from January.
00:52Is your household expenses too high?
00:55Water bills, electricity bills, gas and other expenses?
00:58That's the biggest impact on the inflation this July.
01:02Next, food expenses increased by 4%.
01:06And because food is the biggest expense of the poor,
01:09they have more expenses.
01:11In particular, rice.
01:13Earlier, we saw that the contribution of rice
01:19was due to the overall inflation for the bottom 30% income household.
01:24Rice became cheaper but only partially.
01:27It is expected to continue in August.
01:30The cheap rice in Kadiwa store has no effect
01:33because it's not available in other stores.
01:36It has a reduction of 0.2% month on month.
01:42And we will see.
01:44I know that the reduction in the tariff will start to decrease.
01:50But this month, it's possible to feel the effect of the typhoon
01:54that happened in the last weeks of July.
01:57Our historical data is normally related to commodity items related to vegetables.
02:03Our expectation is that some items would increase
02:06but some items might slow down.
02:09Because food prices are high, transportation expenses are also high.
02:13In some regions, shopping is the fastest in Northern Mindanao and Bangsamoro
02:18and the slowest in Ilocos region.
02:21For GMA Integrated News, I'm Danoting Kungko.
02:23For Tutok 24 Hours.
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