Pagmahal ng bilihin noong Sept., bumagal dahil nagmura ang bigas, gulay, petrolyo | 24 Oras

Summary

In September 2024, inflation in the Philippines slowed to 1.9%, down from 3.3% in August, and significantly lower than the 6.1% recorded in September 2023. The drop is largely attributed to a decrease in rice prices, which fell from nearly 15% inflation in August to around 6% in September. This decline is due to the reduction in rice tariffs under an executive order. Additionally, the lower prices of vegetables, gasoline, and diesel also contributed to the slower inflation. However, despite the easing, prices remain higher compared to last year.

Takeaways

• 📉 The inflation rate slowed down in September compared to August.
• 🍚 A significant reason for the decrease in inflation is the drop in rice prices.
• 📊 Inflation fell from 3.3% in August to 1.9% in September 2024, a lower rate than the 6.1% recorded in September 2023.
• 🔼 Even though inflation has slowed, prices in September 2024 are still higher than in September 2023, but the increase is slower.
• 🌾 Rice inflation dropped from nearly 15% in August to around 6% in September, according to PSA data.
• 📉 Rice prices have been decreasing since July, partly due to the Executive Order lowering rice tariffs.
• 🔧 The impact of the tariff reduction on rice is becoming evident, though it hasn't brought prices back to previous lows.
• 🥦 Other contributing factors to the lower inflation rate include the decrease in vegetable, gasoline, and diesel prices.
• 📉 A total of 10 commodity groups recorded slower inflation in September compared to August 2024.
• 📰 This inflation analysis was reported by Von Aquino for GMA Integrated News.

Q & A

What was the inflation rate in September 2024?

The inflation rate in September 2024 was 1.9%.

How does the inflation rate in September 2024 compare to that of September 2023?

The inflation rate in September 2024 was lower at 1.9%, compared to 6.1% in September 2023.

What was one of the main reasons for the lower inflation rate in September 2024?

One of the main reasons for the lower inflation rate in September 2024 was the decrease in rice prices.

How much did the inflation rate decrease from August 2024 to September 2024?

The inflation rate decreased from 3.3% in August 2024 to 1.9% in September 2024.

What was the rice inflation rate in August 2024 compared to September 2024?

The rice inflation rate dropped from nearly 15% in August 2024 to around 6% in September 2024.

What measure contributed to the decline in rice prices?

The Executive Order lowering rice tariffs, implemented in July, contributed to the decline in rice prices.

Did the inflation rate indicate a decrease in prices compared to September 2023?

No, while the inflation rate slowed down, prices in September 2024 were still higher compared to September 2023.

Besides rice, what other factors contributed to the lower inflation rate in September 2024?

Other contributing factors included the decrease in prices of vegetables, gasoline, and diesel.

How many commodity groups recorded slower inflation increases in September 2024?

Ten commodity groups recorded slower inflation increases in September 2024 compared to August 2024.

When did rice prices begin to decline, and why?

Rice prices began to decline in July 2024, mainly due to the Executive Order reducing rice tariffs.