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

Reference Number: 2022-248
Release Date: 24 June 2022

Table A. Year-on-Year Growth Rates of the CMRPI in NCR, All Items
In Percent

March 2021 February 2022 March 2022 Year-to-Date*
1.2 3.3 4.8 3.7

                                                    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
March 2021 - March 2022



CMRPI in NCR went up at a faster pace in March 2022

The annual growth rate of CMRPI in NCR continued its uptrend as it moved up further to 4.8 percent in March 2022, from 3.3 percent in the previous month. Its annual growth rate in March 2021 was notably lower at 1.2 percent. (Tables A and 2)

Relative to their annual growth rates in February 2022, all commodity groups registered higher annual change during the month. Among the commodity groups, the following registered the highest annual increments:

          a. Electrical Materials, 3.6 percent;
          b. Plumbing materials, 6.9 percent;
          c. Tinsmithry materials, 7.3 percent; and
          d. Miscellaneous construction materials, 6.7 percent. (Table 2)


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