00:00This is our first news. Despite the correctness of the next wave this November, the country remained at a 2% level.
00:09The rate of our inflation or the rate of the increase of goods and services.
00:14And among the white data is the price of rice. Rod Lagusan is in the center of the news.
00:23The inflation rate of rice decreased for the month of November.
00:27This is on the other hand, the rate of inflation in the last month was 2.5%.
00:32According to the Philippine Statistics Authority, it was only 5.1% in November compared to 9.6% in October.
00:40But because of the weight of these three other commodity groups, the meat, the fish, and the vegetables,
00:49that's why there was an increase in inflation in the month of November.
00:55MAPA explained that they saw a decrease in the inflation rate for rice.
00:59From January to November, this trend is decreasing.
01:03The retail price, this is what we're getting, the unit price per kilo in regular, well-mealed, and special, is also decreasing.
01:15So our expectation for December, for example, the inflation rate for rice is really decreasing.
01:23Meanwhile, according to the PSA, the increase in the inflation rate of rice in November
01:27is due to the increase in the price of food and non-alcoholic beverages.
01:31The next typhoon that hit the country also contributed to the increase in the price of vegetables,
01:36particularly in Cagayan Valley, which was affected by the typhoon.
01:39Cagayan Valley has the highest rate of inflation outside the National Capital Region.
01:44The prices of our vegetables were affected.
01:49It's always like that when there are floods and strong typhoons.
01:54And that created a spike on the prices.
02:00As I said, our vegetable commodity group really increased the prices.
02:09Tomatoes were also affected.
02:11The price of tomatoes in October decreased, but the price of tomatoes in the past month increased.
02:15On the part of Canada, it was said that the actions of the government were helpful,
02:19including the productivity enhancing and trade measures to maintain the inflation rate within the government's target.
02:26According to Canada Secretary Arsenio Balisacan,
02:28they continue to monitor the prices of the main products, especially food, because of the next typhoons.
02:34Rod Laguzad, for Pambansang TV in the new Philippines.
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