Construction materials prices show no changes in February

Philippine construction materials prices showed no changes in February 2025 compared to a year earlier, as declines in steel and cement costs offset increases in other categories, the Philippine Statistics Authority (PSA) said.

The wholesale price index for construction materials in the National Capital Region (NCR) was unchanged year-on-year in February, the PSA said. This followed a 0.1 percent increase in January.

The flat result was due to mixed movements across commodity groups, the PSA said.

Structural steel prices fell 1.5 percent year-on-year in February, accelerating from a 0.9 percent decline in January. Cement prices fell 1.0 percent, a slightly smaller decline than the 1.1 percent drop in the previous month. Reinforcing steel prices also declined, falling 0.1 percent.

Other categories showing slower annual growth included doors, jambs and steel casement (0.5 percent), electrical works (0.2 percent) and painting works (1.0 percent).

Conversely, hardware prices rose 0.2 percent, tileworks increased 1.1 percent, and plumbing fixtures and accessories/waterworks climbed 0.8 percent. PVC pipe prices rose 0.1 percent, reversing a 0.1 percent decline in January.

Fuel and lubricant prices declined 3.3 percent.

The PSA reported that other commodity groups either maintained their previous month's growth rates or showed no change.