Palace attributes lower PH inflation to government’s steps to address inflationary pressures

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Transcript

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.

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