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Members of Unite working at HIAL rejected a five per cent offer which they deemed unacceptable, quoting the Retail Price Index of inflation rising to 13.4 per cent.
PSA said the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) posted an average growth of 5.8 percent in 2022.
Source: https://businessmirror.com.ph/2023/01/20/prices-of-construction-items-grew-most-in-14-years-psa/