00:00Inflation, or the rate of inflation of goods and services in the country,
00:07is slowing down according to the Philippine Statistics Authority.
00:09It was recorded at 1.9% in September,
00:13which was slower at 3.3% in August.
00:17It was also the slowest since May 2020,
00:21or for more than four years.
00:23From January to September,
00:25the inflation rate in the Philippines is already at 3.4%.
00:29It was lower at 6.4% at the same time last year.
00:35According to the Philippine Statistics Authority,
00:36the slow rate of food prices and non-alcoholic beverages are primarily affected by this.
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