00:00Meanwhile, Finance Secretary Ralph Recto is expecting the inflation rate in July to accelerate.
00:06The finance chief said it may move faster within the target of 2 to 4 percent for the
00:11entire year.
00:12However, he pointed out that even if higher inflation may happen, it might be offset by
00:17lower rice prices due to tariff reductions, reduced fruit prices and peso appreciation.
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