The inflation rate in Angeles City decreased to 4.5 percent

The inflation rate in Angeles City decreased to 4.5 percent in July 2024 from 4.9 in June 2024. July inflation rate was 1.0 percentage points higher than the 3.5 percent recorded in July 2023 (Figure 1).

The downtrend of July 2024 inflation in Angeles City was mainly brought about by the heavily weighted rate in the index of Housing, Water, Electricity, Gas and other Fuels, which recorded an inflation rate of 2.2 percent from 3.5 percent inflation in June 2024. Food and Non-alcoholic Beverages was the second contributor with an inflation rate of 4.5 percent from 5.4 percent in June 2024. The third contributor of July 2024 inflation was the index of Health, which recorded 1.6 percent inflation from 2.0 percent in June 2024.

Meanwhile, higher inflation rates were observed on the following indices:
•    Restaurants and Accommodation Services at 10.6 percent inflation from 10.2 percent inflation in June 2024;
•    Transport in 6.5 percent inflation from 5.3 percent;
•    Personal Care, and Miscellaneous Goods and Services at 4.3 percent inflation from 3.8 percent;
•    Recreation, Sport and Culture at 3.0 percent inflation from 2.9 percent;
•    Clothing and Footwear at 2.8 percent inflation from 2.3 percent;
•    Furnishings, Household Equipment and Routine Household Maintenance at 2.0 percent inflation from 1.9 percent; and
•    Information and Communication at 1.2 percent inflation from 1.0 percent.

Lastly, the following indices retained their corresponding previous month’s annual increments: 
•    Education Services at 5.7 percent;
•    Alcoholic Beverages and Tobacco at 3.3 percent; and
•    Financial Services at 0.0 percent. (Table 1)

Monthly Inflation Rate in Angeles City from January 2021 to July 2024

Since January 2021, the highest recorded inflation rate in Angeles City occurred in January 2023 at 9.5 percent. Conversely, the lowest recorded inflation rate since January 2021 was in January 2024 at 0.2 percent. (Table 2)

Consumer Price Index

The Consumer Price Index (CPI) of all items in Angeles City as of July 2024 was posted at 126.9 percent. This means that one needs 126.90 pesos to same set of goods and services that were worth 100.00 pesos in 2018. July 2024 CPI was higher by 5.50 pesos than the posted at 121.4 in July 2023. (Table 3).

 

Purchasing Power of Peso

Purchasing Power of Peso (PPP) in Angeles City is 0.79 in July 2024.  July 2024 PPP was lower by 0.02 than the 0.82 in July 2023. PPP implies that 1.00 peso in 2018 (based year) is now worth 79 centavos in July 2024. (Figure 2)

MARIA VIRGINIA R. OLVEÑA
Chief Statistical Specialist 
PSA Pampanga