Construction materials prices stable in January

Construction material prices in the Philippines remained stable in January 2025, with the annual rate of increase easing to 1.2 percent from 1.5 percent in December 2024, the Philippine Statistics Authority said Friday.

It said the slower annual increase in the construction materials retail price index in the National Capital Region was due to a slower annual increase in the heavily weighted tinsmithry materials index, which rose 1.6 percent in January after a 2.6-percent increase the previous month.

Compared with the previous month’s annual growth rates, slower increases were seen in electrical materials (1.8 percent after 1.9 percent), painting materials and related compounds (2.2 percent after 2.6 percent), plumbing materials (0.8 percent after 1.0 percent) and miscellaneous construction materials (0.6 percent after 0.8 percent).

The carpentry materials index, however, saw a higher annual increase, rising 1.0 percent after a 0.8 percent increase in December.

The masonry materials index maintained its previous month’s annual growth rate of 0.3 percent.