Construction Materials Wholesale Price Index in the National Capital Region
Year on Year and Month on Month Growth Rates
|All Items||October 2017||September 2017||October 2016||Year-to-date|
On an annual basis, the Construction Materials Wholesale PriceIndex (CMWPI) in the National Capital Region (NCR) further moved upward by 4.0 percent in October 2017. Its annual rate was 3.2 percent in September 2017 and 2.0 percent in October 2016. Double-digit annual growth noted in fuels and lubricants index was still higher at 16.2 percent. Annual mark-ups were also higher in the indices of the following commodity groups:
- Concrete Products and Lumber (2.9%);
- Reinforcing Steel (2.8%);
- Structural Steel (5.1%);
- Electrical Works (0.6%); andPlumbing Fixtures and Accessories/Waterworks (0.9%).
In addition, the index for G.I. sheet went up by 0.1 percent, after it had a 0.3 percent annual decline in the previous month. Meanwhile, slower annual increases were seen in the indices of hardware at 1.3 percent; doors, jambs and steel casement, 3.6 percent; and painting works, 1.2 percent. Moreover,annual decreases were still registered in the indices of cement at -5.0 percent; plywood, -1.0 percent; and PVC pipes, -0.2 percent. Other commodity groups either retained their previous month’s rate or had zero growth (see Table 2).
On a monthly basis, the CMWPI in NCR picked up by 1.2 percent in October 2017. Its growth in the previous month was posted at 0.5 percent. A higher increment of 1.7 percent was registered in the index of structural steel. From a zero growth in the previous month, the index of lumber likewise went up by 0.3 percent. In addition, the indices of the following commodity groups exhibited upward adjustments from negative rates in the previous month:
- Concrete Products (2.3%);
- Plywood (0.2%);
- G.I. Sheet (0.4%); and
- Plumbing Fixtures and Accessories/Waterworks (0.2%).
Meanwhile, a slower gain of 2.0 percent was observed in the index of fuels and lubricants. Negative monthly rates were also noted in the indices of the following commodity groups:
- Cement (-1.1%);
- Hardware (-0.4%);
- Doors, Jambs, and Steel Casement (-0.1%); and
- Painting Works (-0.3%).
The rest of the commodity groups exhibited zero growth during the month (see Table 3).
Higher prices were seen in petroleum products, hollow blocks, concrete drainage pipe, plywood, lumber, G.I. sheets, angle and flat bars during the period. On the other hand, prices of cement, hinges, electrical wires, paint and related compounds were lower this month.