Construction Materials Retail Price Index in the National Capital Region (2012=100): July 2022

Reference Number: 

2022-389

Release Date: 

Friday, September 23, 2022

Table A. Year-on-Year Growth Rates of the CMRPI in NCR, All Items
In Percent
(2012=100)

July 2021 June 2022 July 2022 Year-to-Date*
1.4 6.8 7.0 5.4

                                                    Source: Retail Price Survey of Selected Commodities for the Generation of Construction Materials
                                                          Retail Price Index, Philippine Statistics Authority

                                         

 

Figure 1. Growth Rates of the CMRPI in NCR, All Items
July 2021 - July 2022
(2012=100)
 

GWPI

                                                                                                              
    


CMRPI in NCR continues to increase in July 2022

The annual increment of CMRPI increased further to 7.0 percent in July 2022, from its previous month’s annual rate of 6.8 percent. This is the highest recorded annual growth rate of the index since January 2009. In July 2021, its annual growth rate was lower at 1.4 percent. (Tables A and 2)

The uptrend of CMRPI in NCR was primarily due to higher mark-up in the painting materials and related compounds index, at 5.7 percent; carpentry materials, at 3.2 percent; and masonry materials, at 4.4 percent.

On the other hand, relative to their previous month’s annual increases, lower annual hikes were noted in the indices of the following commodity groups during the month:

          a. Electrical materials, 4.4 percent;
          b. Plumbing materials, 8.1 percent;
          c. Tinsmithry materials, 9.3 percent;
          d. Miscellaneous construction materials, at 9.8 percent. (Table 2)

 

See more at the Construction Materials Retail Price Index Main page

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