President of Victoria Economic Development Corporation on Inflation at a Crossroads

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“Even if there is a recession, there is no indication that Texas or this area of ​​Texas will experience any of these negative attributes that would occur in other parts of the country,” Titus said.

VICTORIA, Texas — The DOW Jones fell more than 1,200 points on the release of the inflation report this week. The inflation report may force some changes on consumers in the region, as inflation pushes up the prices of housing, cars and groceries.

Inflation continues to recover from the harsh impact of the coronavirus pandemic.

The Hub is in a safe space against inflation, even if the economy looks a little different, says Jonas Titus, president of the Victoria Economic Development Corporation.

“Even if there is a recession, there is no indication that Texas or this area of ​​Texas will experience any of these negative attributes that would occur in other parts of the country,” Titus says.

Victoria is striving to set her new sales tax record this year. Consumers spent the most money this year in the city’s history.

The rest of the region also continues to experience strong economic activity.

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