Construction Materials Wholesale Price Index in the National Capital Region
Year on Year and Month on Month Growth Rates
|All Items||November 2017||October 2017||November 2016||Year-to-date|
The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) continued to move upward as it recorded a higher annual growth of 4.7 percent in November 2017. Its annual rate was registered at 4.0 percent in October 2017 and2.1 percent in November 2016. The double-digit annual growth in fuels and lubricants index further accelerated by 18.3 percent. Moreover, higher annual gains were posted in the indices of the following commodity groups:
- Concrete Products (3.5%);
- Lumber (3.1%)
- G.I. Sheet (0.2%)
- Reinforcing Steel (4.2%);
- Doors, Jambs, and Steel Casement (3.8%); and
- Painting Works (1.3%).
Annual increases in the indices of the following commodity groups were however, slower during the month:
- Sand and Gravel (1.7%);
- Hardware (1.1%);
- Tileworks (2.2%); and
- Plumbing Fixtures and Accessories/Waterworks (0.8%)
In addition, annual decreases were still registered in the indices of cement at -4.1 percent; plywood, -0.8 percent; and PVC pipes, -0.2 percent. Other commodity groups either retained their previous month’s rates or had zero growth (see Table 2).
The month-on-month increase of the CMWPI in NCR decelerated to 1.0 percent in November 2017. Its growth in the previous month was recorded at 1.2percent. The indices of tileworks and plumbing fixtures and accessories/waterworks both went down by 0.1 percent. Moreover, slower increases were noticed in the indices of concrete products and G.I sheet, both at 1.0 percent; plywood, 0.1 percent; and lumber, 0.2 percent. Meanwhile, the index of reinforcing steel advanced by 1.7 percent from a zero growth in the previous month. The indices of cement likewise picked up by 0.5 percent; hardware, 0.3 percent; and door, jambs, and steel casement, 0.2 percent after they recorded declines in October. The rest of the commodity groups either retained their previous month’s rates or had zero growth (see Table 3).
Hollow blocks, concrete drainage pipe, cement, tie wire, nails, plywood, lumber, G.I. sheets, steel bars, door and circuit breaker were priced higher during the period. Similarly, petroleum products such as gasoline, diesel and bunker oil went up in November. On the other hand, price decreases were observed in grout and faucet this month.