<\/p>\n
By Isa Jane D. Acabal<\/strong>, Researcher<\/em><\/p>\n Retail price growth of construction materials within the National Capital Region (NCR) accelerated to a 15-month high in March driven by the continuing war within the Middle East.<\/p>\n Data from the Philippine Statistics Authority (PSA) showed the annual growth rate of construction materials retail price index (CMRPI) in NCR increased to 1.3% in March, from 1.2% in February and a yr ago.<\/p>\n This was the strongest reading in over a yr or for the reason that 1.5% growth recorded in December 2024.<\/p>\n For the primary quarter of 2026, the CMRPI growth averaged 1.3%, higher than the 1.2% average growth a yr earlier.<\/p>\n The CMPRI is predicated on 2012 constant prices.<\/p>\n The PSA attributed the expansion in March to higher annual increase seen in tinsmithry materials at 2.3% from 1.9% in February and 1.6% a yr ago.<\/p>\n Faster yearly increases were also noted in masonry materials (1.5% in March from 1.1% in February), painting materials and related compounds (2% from 1.8%), and miscellaneous construction materials (1.3% from 1.1%).<\/p>\n The index of carpentry materials ended flat (0%) in March from a 0.2% drop within the previous month.<\/p>\n Electrical materials, meanwhile, slowed to 2% in March from 2.1% in February. Plumbing materials likewise eased to 0.4% from 0.8%.<\/p>\n Jonathan L. Ravelas, a senior adviser at Reyes Tacandong & Co., said the uptick within the retail prices of constructing materials in March reflects \u201ccost pass-through, not overheating demand\u201d driven by the continuing war within the Middle East.<\/p>\n \u201cMetals, chemicals, fuel, and logistics costs edged higher, and suppliers are steadily passing these on, especially in tinsmithry, masonry, and ending materials tied to renovation activity in NCR,\u201d he said in a Viber message.<\/p>\n The Middle East conflict, which began at the tip of February, brought oil price shock in addition to disruption in supply chain and tourism. As a net importer of oil, the Philippines is grappling with mounting inflationary pressures as global energy prices surge.<\/p>\n Mr. Ravelas sees retail price growth of construction materials to stay in low single digits in the approaching months, unless a commodity shock happens or when peso further weakens.<\/p>\n \u201cFor now, that is manageable cost pressure \u2014 not a construction inflation scare,\u201d he added.<\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" PHILIPPINE STAR\/ RUSSELL PALMA By Isa Jane D. Acabal, Researcher Retail price growth of construction materials within the National Capital Region (NCR) accelerated to a 15-month high in March driven by the continuing war within the Middle East. Data from the Philippine Statistics Authority (PSA) showed the annual growth rate of construction materials retail price […]<\/p>\n","protected":false},"author":1,"featured_media":318055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1249,408,3431,8051,732,28063,5858,104],"class_list":["post-318054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-accelerates","tag-building","tag-growth","tag-march","tag-materials","tag-ncr","tag-price","tag-retail"],"aioseo_notices":[{"message":"The permalink for this post just changed! 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