Construction Materials Retail Price Index in the National Capital Region (2012=100): February 2023

Reference Number: 


Release Date: 

Wednesday, March 15, 2023

Table A. Year-on-Year Growth Rates
of the Construction Materials Retail Price Index in NCR
All Items, In Percent

February 2022 January 2023 February 2023p Year-to-Date*
3.3 5.5 5.4 5.5

                                                    p - preliminary
                                                        *Year-on-year change of average CMRPI for January to February, 2023 vs. 2022
                                                         Source: Philippine Statistics Authority, Retail Price Survey of Selected Commodities for the
                                                                     Generation of Contruction Materials Retail Price Index



Figure 1. Year-on-Year Growth Rates
of Construction Materials Retail Price Index in NCR
All Items, In Percent



CMRPI in NCR continued to slowdown in February 2023

The year-on-year increase of CMRPI in NCR further slowed down to 5.4 percent in February 2023 from 5.5 percent in January 2023, marking its seventh consecutive month of deceleration. Its annual increment in February 2022 stood at 3.3 percent. (Figure 1 and Tables A, 2, and 4)

The continued downtrend of CMRPI for this month was primarily brought about by the heavily-weighted tinsmithry materials index, which recorded a lower annual growth rate of 5.9 percent in February 2023 from 7.1 percent in January 2023. Also contributing to the slower annual increment of CMRPI is the plumbing materials index with an annual growth rate of 4.0 percent in February 2023 from 4.4 percent in the previous month.

On the contrary, annual gains were higher in the indices of the following commodity groups during the month:

          a. Carpentry materials, 3.8 percent;
          b. Masonry materials, 4.0 percent;
          c. Painting materials and related compounds, 5.6 percent; and
          d. Miscellaneous construction materials, 9.3 percent.

Meanwhile, the electrical materials index remained at its previous month’s annual increment of 3.1 percent.  (Table 2)


See more at the Construction Materials Retail Price Index Main page