The approved building permits provide monthly data on building construction at the municipal level nationwide. These construction statistics include the number, floor area, type of building and value of construction. Statistics generated from approved building permits are the bases of estimating level of construction of national income accounts and an indicator on the level of investment in the country. As such, the data is valuable in analyzing present economic conditions and past developments, forecasting future trends and making policy decisions. The generation of construction statistics from approved building permits covers all municipalities and cities issuing building permits for the construction of residential and non-residential structures, additions and alterations and repairs, demolition, landscaping and putting up of signboards.
For February 2025, the inflation rate (IR) in CALABARZON decelerated to 2.1 percent, 1.0 percentage point less than the previous month’s inflation rate. This was due to the deceleration in the…
The headline inflation or overall inflation in Lucena City eased to 2.6 percent in February 2025, from 4.4 percent in January 2025. In February 2024, the inflation rate was lower at 2.2 percent.
