Table A. Year-on-Year Growth Rates 
of the Construction Materials Retail Price Index in NCR 
All Items, In Percent 
(2012=100)

                                                    _{*Year-on-year change of average CMRPI for January 2024 vs. 2023         
                                                                     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 
(2012=100)

Annual rate of CMRPI in NCR remained steady at 1.4 percent in January 2024

The annual rate of CMRPI in NCR in January 2024 remained at its previous month’s year-on-year growth rate of 1.4 percent. In January 2023, the annual increment of CMRPI was recorded at 5.5 percent. (Figure 1, and Tables A, 2, and 4)

Relative to their December 2023 annual rates, higher annual increases were noted in the indices of the following commodity groups during the month: 

a. Electrical materials, 0.9 percent from 0.8 percent;
b. Masonry materials, 0.9 percent from 0.7 percent;
c. Painting materials and related compounds, 2.9 percent from 2.6 percent; and
d. Tinsmithry materials, 3.1 percent from 2.9 percent.

On the contrary, slower annual increases were noted in the indices of carpentry materials at 0.4 percent in January 2024 from 0.7 percent in the previous month, and plumbing materials at 0.5 percent during the month from 0.7 percent in December 2023.

Meanwhile, the index of miscellaneous construction materials retained its previous month’s annual drop of 0.3 percent. (Table 2)

 

See more at the Construction Materials Retail Price Index Main page