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

Reference Number: 2022-443
Release Date: 08 November 2022

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

September 2021 August 2022 September 2022 Year-to-Date*
2.0 6.9 6.8 5.6

                                                    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
September 2021 - September 2022



CMRPI in NCR continues to increase at a slower pace in September 2022

The annual increment of CMRPI decelerated to 6.8 percent in September 2022, from 6.9 percent in August 2022. This brings the average growth rate of the index from January to September 2022 to 5.6 percent. In September 2021, its annual growth rate was lower at 2.0 percent. (Tables A and 2)

The deceleration of CMRPI was primarily due to the lower annual growths in the indices of plumbing materials at 6.9 percent; tinsmithry materials at 8.8 percent; and masonry materials at 4.2 percent.

On the other hand, relative to their respective August 2022 annual increases, higher annual mark-ups were noted in the indices of electrical materials and miscellaneous construction materials at 4.5 percent and 11.0 percent, respectively.

Meanwhile, the indices of carpentry materials and painting materials and related compounds retained their respective August 2022 growth rates of 2.9 percent and 5.7 percent. (Table 2)


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