NCR building materials retail price growth cools further in February

Price growth of retail construction materials in the National Capital Region (NCR) eased to eight-month low in February, the Philippine Statistics Authority (PSA) reported on Friday.

Preliminary data from the PSA showed February construction materials retail price index (CMRPI) slowed to 1.1% in February, from 1.2% recorded in January. The index maintained its rate from February last year.

This was the weakest reading in eight months or since the 1% growth recorded in June 2024.