Construction material prices inch up in Jan.

The Philippine Statistics Authority (PSA), through the National Statistics Office (NSO), said on Wednesday that prices of wholesale construction materials went up by 2.4 percent in January, as 13 construction commodity groups saw their prices increased within the month.

Through NSO’s January Construction Materials Price Index (CMPI) released on Wednesday, the PSA said that the annual wholesale prices of construction materials rose because of the increased prices in 13 commodities, with sand and gravel having the highest increase of 3.2 percent in January from the 1.5 percent recorded in the same month last year.