AC Achieves Lowest Inflation Rate in Central Luzon for January 2024, Continues Economic Stability in May

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Angeles City has made significant strides in economic management, as evidenced by its lowest inflation rate in Central Luzon for January 2024. The city maintained a stable 3% inflation rate in May 2024, marking a substantial decrease from the 5.9% recorded in May of the previous year. This positive development underscores the effective economic strategies implemented under the leadership of Mayor Carmelo "Pogi" Lazatin, Jr.

“We are pleased to see Angeles City achieve this positive development, which reflects our ongoing efforts to manage economic challenges effectively and improve the quality of life for our residents,” Mayor Lazatin remarked. “We remain committed to supporting both our local businesses and the community to ensure continued economic stability and growth.”

Mayor Lazatin further emphasized that this achievement highlights Angeles City's resilience and commitment to navigating economic challenges, setting the city as a model of stability, progress, and business-friendliness.

This milestone is also a testament to Mayor Lazatin's campaign promise to maintain economic stability and enhance living conditions in the city. The sustained low inflation rate is seen as a significant step towards fulfilling that commitment.

The Philippine Statistics Authority (PSA) report noted that the stability of Angeles City’s inflation rate was positively influenced by the Restaurants and Accommodation Services sector, which maintained a high inflation rate of 10.2%, reflecting robust demand in the city’s thriving hospitality industry.

This accomplishment reinforces Angeles City’s position as a thriving economic hub, driven by effective governance and a strong commitment to the welfare of its residents and local businesses.

angelfaith.ph

Ms. Angel Faith Danganan serves as the President of Central Luzon Balita and has worked as a broadcast journalist with the news group for less than a decade. Originally from Capas, Tarlac, she actively participates in numerous civic groups and public service initiatives. She took up her Broadcast communication studies at the Polytechnic University of the Philippines (PUP) Manila.