1. Go to Philippine Statistics Authority Website.

2. Click OpenStat

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3. Click “Prices” found under column on Economic Statistics

4. Click Price Indices

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5. Go to Item 15. Then click.

6. Click NCR, All items, required Year and Period (Month). See gray highlights. Then
Click “Continue”

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Wholesale Construction Materials Consumer Price Index for December 2008 =
85.3328452205882

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For Year 2019 repeat the same process. Go back again to OpenStat but under Step 5
Click item 14 in getting CPI for September 2019 (this is the only available data to date)

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Wholesale Construction Materials Consumer Price Index for September 2019 = 118.7

COMPUTATION:
Given: Php431,911,237.95 (Contract Amount) in December 2008
Find the Value of which adjusted to current price using Wholesale Construction Materials
Consumer Price Index in the NCR, Base Year 2012 = 100
CPI All Items (Phils.) (2012 = 100) December 2008 September 2019
(85.3328452205882) (118.7)

Equivalent/Estimated Value in September 2019 using CPI:

Php431,911,237.95 = Equivalent/Estimated Value in September 2019
CPI all items (Phils) Dec 2008 CPI all items (Phils) Sept 2019

Equivalent/Estimated Value in September 2019 = Php431,911,237.95 x 118.7

85.3328452205882

= Php 600,798,717.21

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