Wholesale prices of construction materials in Metro Manila inched up to 1.1 percent in May from 0.6 percent in April, according to the latest Construction Materials Wholesale Price Index (CMWPI) of the National Statistics Office (NSO).
The agency said that this resulted from a higher annual uptick in the following indices: cement at 6.8 percent; tileworks at 4.6 percent; GI sheets at 3.7 percent; concrete products at 2.2 percent and PVC pipes at 1.1 percent.
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