00:00The Palace expressed satisfaction with the country's lower headline inflation rate last month
00:05and credited the slowdown to President Ferdinand R. Marcos Jr.'s administration
00:09for its effective response to inflationary pressures.
00:12During a Malacanang press briefing,
00:14the Palace welcomed the drop in the inflation rate to 2.1% in February,
00:19down from 2.9% in January.
00:22The biggest decline since September last year incited key factors in the decline.
00:27According to the Palace, the Marcos administration's measures played a significant role
00:31in stabilizing prices,
00:33noting that the recorded 2.5% average inflation rate
00:36remains within the government's target range of 2-4%.
00:40Meanwhile, the National Economic and Development Authority, or NEDA,
00:44ensures the continued implementation of measures to further slow down the country's inflation.
00:51According to the National Economic and Development Authority,
00:54the continued decline in the inflation rate is an indication
00:58that the government's actions are effective
01:03against the so-called inflationary pressures.
01:07The agency will also strive to maintain a low inflation rate
01:13and to immediately address the possible rise in other commodities.
