00:00The country's inflation rate has fallen by 1.8% since March, according to the Philippine Statistics Authority.
00:07According to NEDA, this is just a continuation of the effective administration of President Ferdinand R. Marcos Jr.
00:14to lower the prices of goods.
00:17IBC13's Christelle Delphine with the country's latest news.
00:22Princess Alan, the country's inflation rate has fallen by 1.8% since March, according to the Philippine Statistics Authority.
00:30According to PSA, the headline inflation has fallen by 1.8% since March, from 2.1% last February.
00:39Because of this, the average inflation rate of the country has also fallen from January to March at 2.2%,
00:46which is slightly lower than the estimated inflation rate in March 2024 at 3.7%.
00:53According to the agency's data, this is a continuation of a decrease in the prices of food and non-alcoholic beverages from 2.2% to 2.6%.
01:03There is also a big decrease in the transport cost from negative 1.1% to negative 0.2%.
01:10And a slowdown in the restaurant and accommodation services inflation from 2.3% to 2.8%.
01:18In the National Capital Region, there is also a decrease in the inflation rate from 2.1% to 2.3%.
01:26Likewise, outside the NCR, it has fallen from 1.8% to 2%.
01:33The National Economic and Development Authority also stated that the continuous slowdown and decrease in inflation
01:40only shows that the government's steps in stabilizing the prices of goods are effective
01:47to maintain the profitability of every Filipino.
01:51From IBC 13, Christelle Delfin for Sabalitang Pambansa.
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