Retail construction material prices in Metro Manila increased for the eighth consecutive month in February, according to data from the Philippine Statistics Authority (PSA).
RETAIL construction material prices in Metro Manila increased for the eighth consecutive month in February, according to data from the Philippine Statistics Authority .
“The CMRPI is a variant of the General Retail Price Index [GRPI], which measures the changes in the prices used by retailers to sell their goods to consumers and end-users relative to a base year,” PSA said. Also posting higher retail prices were painting materials and related compounds at 2.3 percent in February 2022. This was also higher than the 0.7-percent growth posted in February 2021 and 1.9 percent in January 2022.
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