According to preliminary data from the Philippine Statistics Authority, the construction materials wholesale price index for the National Capital Region rose by 6.9% in April, accelerating from 6.6% in March and 2.4% a year earlier.
April was the second month the capital and surrounding areas were observing Alert Level 1, the most permissive quarantine setting for coronavirus disease 2019 . “There is demand for such materials because they are the basic materials required by developers. The supply constraints due to the war and persistence of the pandemic contributes price increases,” Mr. Rivera said.
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