Construction Materials Wholesale Price Index in the National Capital Region
Year on Year and Month on Month Growth Rates
|All Items||September 2017||August 2017||September 2016||Year-to-date|
The Construction Materials Wholesale PriceIndex (CMWPI) in the National Capital Region (NCR) continued to move up at a faster pace of 3.2 percent in September 2017. Its annual rate was 2.8 percent in August 2017 and 1.7 percent in September 2016. A higher double-digit annual growth at 19.2 percent was still noted in fuels and lubricants index. Moreover, higher annual mark-ups were posted in the indices of the following commodity groups:
- Hardware (1.7%);
- Reinforcing Steel (2.1%);
- Structural Steel (3.9%);
- Doors, Jambs, and Steel Casement (3.7%);
- Electrical Works (0.4%); and
- Painting Works (1.5%).
Meanwhile, slower annual gains were seen in the indices of sand and gravel at 2.4 percent; concrete products, 0.6 percent; and plumbing fixtures and accessories/waterworks, 0.8 percent. Annual declines were registered in the indices of the following commodity groups:
- Cement (-3.6%);
- Plywood (-1.1%);
- G.I. Sheet (-0.3%); and
- PVC Pipes (-0.2%).
The rest of the commodity groups either retained their previous month’s rate or had zero growth (see Table 2).
The month-on-month increase of the CMWPI in NCR decelerated to 0.5 percent in September 2017. Its growth in the previous month was recorded at 0.8 percent. Negative monthly rates were posted in the indices of the following commodity groups:
- Sand and Gravel (-0.2%)
- Concrete Products (-0.1%);
- Plywood (-0.4%);
- G.I. Sheet (-0.5%); and
- Plumbing Fixtures and Accessories/Waterworks (-0.1%).
In addition, slower gains were noticed in the indices of hardware at 0.3 percent; reinforcing steel, 0.6 percent; and fuels and lubricants, 3.1 percent. Meanwhile, from a zero growth in the previous month, the electrical works index picked up by 0.2 percent. Moreover, higher increments were noted in the indices of the following commodity groups:
- Cement (0.6%);
- Structural Steel (1.1%);
- Doors, Jambs, and Steel Casement (0.3%); and
- Painting Works (0.2%).
The rest of thecommodity groups exhibited zero growth(see Table 3).
Price mark-ups were observed in petroleum products, cement, nails, steel bars, flat bars, door jamb, electrical wires and paints during the period. On the other hand, prices of gravel, hollow blocks, plywood, G.I. sheet, faucet and kitchen sink were lower this month.