00:00The government's biggest step is still to hope for a solution to the challenge of inflation
00:06or the rapid rise in the price of goods and services in the country.
00:11This is after the slowdown of 2024 despite various trials that hit the country.
00:18Noel Talacay in Central News Live.
00:21Angelique, there is good news and bad news about the inflation rate of December 2024
00:31according to the Philippine Statistic Authority or PSA.
00:35Angelique, the price of rice is falling despite the rapid rise in inflation rate in the country
00:44in the past month, according to the PSA.
00:47According to their statistics, in December 2024, the price of rice increased by only 0.8%
00:56in this month compared to November 2024, where the price of eggs, dairy products, corn, bread,
01:10bread and made food, and other food products, according to the PSA.
01:16The inflation rate of the country is 2.9% in December 2024.
01:21It increased by a portion compared to November 2024, where it was 2.5%.
01:27But the inflation rate of December 2024 slowed compared to December 2023, where it was 3.9%.
01:35According to the PSA, some of the factors affecting the inflation rate in the past month
01:41are transportation, housing, water, electricity, gas, and other oil products,
01:48including other vegetables and meat such as chicken.
01:54We are mixed. We have good news in a way.
01:58The weight of rice is substantial. So we are seeing a slowdown.
02:01On the other hand, we are seeing an increase, particularly in vegetables.
02:07As I said earlier, tomatoes are still increasing.
02:10So it can handle the weight of vegetables.
02:15And the critical of course would be the transportation.
02:19The weekly changes in the price of fuels, diesel and gasoline,
02:26because our weight is also substantial there.
02:30Angelica, if we look at the perspective of the bottom-income household,
02:38the small earners, the inflation rate slowed by 2.5% in December 2024
02:47compared to November 2024, where it was 2.9%.
02:51Angelica?
02:52Alright. Thank you very much, Noel Talacay.
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