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 to July, 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  
(2012=100)

CMRPI in NCR continued to decelerate in July 2023

The annual increment of CMRPI in NCR continued its downtrend as it slowed down to 1.5 percent in July 2023 from 1.9 percent in June 2023. In July 2022, its year-on-year growth rate was posted at 7.0 percent. (Figure 1, and Tables A, 2, and 4)

The deceleration of CMRPI in NCR was contributed by the slower annual increases observed in the indices of the following commodity groups during the month:

a. Carpentry materials, 1.2 percent from 2.1 percent;
b. Painting materials and related compounds, 3.1 percent from 4.2 percent;
c. Tinsmithry materials, 3.4 percent from 3.9 percent; and
d. Masonry materials, 1.5 percent from 1.6 percent.

On the other hand, the index of miscellaneous construction materials recorded a slower annual decline of -0.8 percent during the month from -1.6 percent in the previous month.

Meanwhile, the indices of electrical materials, and plumbing materials retained their previous month’s annual growth rates at 1.2 percent and 0.3 percent, respectively. (Table 2)  

 

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