Prices of construction materials remain stable in Metro Manila, according to the Philippine Statistics Authority (PSA) show.
The PSA said that the year-on-year growth of construction materials wholesale price index (CMWPI) in the National Capital Region remained at 0.3 percent in September 2024. In September 2023, its annual growth rate was registered at 2.2 percent.
Compared with their respective annual growth rates in August 2024, annual increments were observed in the indices of reinforcing steel at 1.0 percent in September 2024 from a 1.2 percent annual decrease in August 2024 and tileworks at 0.4 percent in September 2024 from a 1.2 percent annual decrease in August 2024. Meanwhile, a slower annual drop was recorded in the index of cement at 1.9 percent in September 2024 from 2.1 percent annual decline in August 2024.
The PSA also noted a zero percent annual rate in the index of metal products in September 2024 from a 0.3 percent annual drop in August 2024.
