THE increase in the construction materials retail price index (CMRPI) in the National Capital Region eased to 1.1 percent in August from 1.3 percent in July and 2.8 percent a year ago,
according to the Philippine Statistics Authority (PSA).
“The annual rate of [the] plumbing materials index declined by 0.1 percent during the month,” PSA said in a report. “Moreover, slower annual mark-ups were noted in the indices of painting materials and related compounds at 1.2 percent, and tinsmithry materials [at] 1.5 percent.”
Month-on-month, the CMRPI in Metro Manila also decreased by 0.1 percent in August.
The indices of painting materials and related compound slid by 0.1 percent; tinsmithry materials, 0.2 percent; and miscellaneous construction materials, 0.3 percent.
“Declines in the prices of paints, cement and steel bars were noted during the period,” the agency reported. “On the contrary, prices of fabricated wire products, such as common wire nails, lumber, gravel, sand and hollow blocks, G.I. pipes and corrugated G.I. sheets were higher this month.”