00:00The Agriculture Department believes that the maximum suggested retail price, or MSRP,
00:07was a big help in lowering the inflation rate this March.
00:11According to Agriculture Secretary Francisco Chulo Rell Jr.,
00:15inflation was only proven to be the right direction for the government
00:20to improve the situation of farmers and those in the agriculture sector.
00:26According to the data, the headline inflation decreased by 1.8%,
00:31which is considered to be the lowest in five years.
00:35While the food inflation decreased from 2.6% in February,
00:39it decreased by 0.3% this March.
00:42According to NEDA, rice is the biggest source of inflation in the food group.
00:47Before this, Secretary Francisco Chulo Rell Jr.
00:50increased the MSRP of 45 pesos per kilo to protect farmers during harvest season.
