00:00The administration's efforts to reduce the effect of rising prices of the main goods became effective.
00:08Claycel Pardilla is back.
00:12The administration of President Ferdinand R. Marcos, Jr.
00:17maintained the target inflation rate for 2024, which is an average of 3.2%.
00:23According to the National Economic and Development Authority, ONEDA,
00:28the inflation rate was lower than 6% in 2023.
00:36According to NEDA Secretary Arsenio Balizacan,
00:39this is an effective and successful step of the administration to reduce the effect of rising prices of the main goods.
00:48The administration will strive to maintain the inflation rate in 2025.
00:54The government will strive to strengthen productivity and ensure food security
01:01to protect the ability of consumers and to use a more inclusive economy.
01:08Palacio ensured the target of rising prices of the main goods.
01:13It is chasing the smugglers, such as hoarders and smugglers, who are increasing the prices of goods.
01:21So we have been very active in prosecuting the hoarders.
01:27But that is only one part of the explanation.
01:31There are smugglers, but we are looking at all these.
01:35The rising price of tomatoes has already reached Malacanang, which is increasing to more than P300 per kilo.
01:42The Agriculture Department first announced that the supply of tomatoes was affected by the next typhoon.
01:49It is expected that the inventory and prices will return to normal before the end of January.
01:54Malacanang believes that this will not affect the country's overall inflation rate.
02:00Don't worry, the government is targeting all of that.
02:06It is natural that it happens sometimes, per commodity.
02:11Right now, the star of the moment is tomatoes.
02:16We noticed that.
02:18Other times, mostly rice.
02:21The NEDA is very confident that the inflation rate will be very, very low.
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