BY: VANESSA BUGTONG
At the end of 2024, the Philippines successfully maintained its target inflation rate of 3.2% for the year, with a recorded 2.9% inflation rate for December.
According to NEDA Secretary Arsenio Balisacan, the average inflation rate last year showed significant improvement from 6.0% in 2023.
“The president ensures that the maximum benefits lead to those most deserving, particularly the near poor.”
Because of this, NEDA is confident that prices of goods will decrease this year.
However, the question remains: will the public feel this decrease?
Despite this, NEDA assured that it would continue to lower prices, especially for rice, this year.
“Let us remind ourselves of our shared responsibility. Nation-building is not the work of the government alone, it is a partnership with every single Filipino,” PBBM expressed.
Additionally, the agency noted that the continued decrease in rice prices has greatly benefited the poorest 30% of families.
“We take our role to ensure our taxpayers’ money seriously,” said PBBM.