Construction Market Insights

Construction cost pressures in the Philippines intensified again during Q3 2026. Continued disruption in the Middle East pushed oil prices and inflation higher, the peso fell to record lows, and the NCR minimum wage increase took effect late in the quarter. Headline inflation eased from 6.4% in June to 6.2% in July and 6.1% in August, then jumped to 7.2% in September, the highest since March 2023. Core inflation rose to 4.7%, showing that price pressures remain broadly embedd

Published by Hearn & Hearn Consulting 6th Floor, King's Court 1, 2129 Chino Roces Avenue, Makati City, 1230, Philippines theteam@hhconsulting.com.ph | +63 915 670 4357 | www.hhconsulting.com.ph Data source: Hearn & Hearn Consulting Philippine Construction Cost Database, Q1 2026. Figures are averages based on lump sum fixed price competitive tenders across the Philippine market. Last updated: Q1 2026. How to Read This Data All costs are in Philippine Pesos per square meter (PH