Inflation rate is expected to be tamer in the first month of 2023 as the factors which led to the accelerated rise in consumer goods and services prices in December are no longer at play, a top official of the National Economic and Development Authority (NEDA) said Tuesday.
, a new 14-year record, from 8.0% in November 2022 and a leapfrog from the 3.1% seen in the same month in 2021.
“Nung December nakita namin mataas effect ng seasonal factor, then 'yung base effect din nun dahil 'yung December 2021 marami pang saradong mga sectors, regions so malaki ang naging [pickup] ng December demand [causing] major supply shocks sa major commodities,” she said.
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