Price growth of construction materials in the National Capital Region (NCR) eased in January amid lower interest rates and a weaker peso, the Philippine Statistics Authority (PSA) reported on Friday.
According to preliminary data, the January construction materials retail price index (CMRPI) slowed to 1.2% in January, from 1.5% recorded in December and 1.4% reported in the same month last year.
Growth in the CMRPI in the National Capital Region (NCR) was the weakest in five months or since the 1.1% in August 2024.
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