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Release Date :
Reference Number :
2016-070


Year-on-Year and Month-on-Month Growth Rates of the
Construction Materials Wholesale Price Index in the National Capital Region

All Items May 2016 April 2016 May 2015 Year-to-date
Year-on-Year

1.0

0.7

-0.2

0.6
Month-on-Month

1.0

0.5

0.7

  • Year-on-Year

    On an annual basis, the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) picked up 1.0 percent in May 2016. Last month, it inched up by 0.7 percent while in May 2015, it decreased by 0.2 percent. Faster annual increments were registered in the indices of concrete products at 2.3 percent; cement, 1.0 percent; and reinforcing steel, 7.0 percent. Slower annual increases were, however, seen in the indices of sand and gravel at 3.5 percent; plywood, 0.8 percent; electrical works, 1.6 percent; plumbing fixtures and accessories/waterworks, 3.1 percent; and PVC pipes, 0.2 percent. Annual declines were still noted in the indices of lumber at -0.7 percent; G.I. sheet, -2.7 percent; structural steel, -2.9 percent; tileworks, -0.1 percent; painting works, -0.8 percent; and fuels and lubricants, -7.7 percent. Other commodity groups either retained their last month’s rates or had a zero annual growth (Table 2).

  • Month-on-Month

    On a monthly basis, wholesale prices of selected construction materials in NCR went up by 1.0 percent in May 2016. Higher rates were registered in the indices of concrete products at 0.3 percent; reinforcing steel, 3.2 percent; structural steel, 0.9 percent; electrical works, 0.1 percent; and fuels and lubricants, 3.7 percent. The rest of the commodity groups either retained its last month’s rate or had a flat growth (Table 3).

    Price mark-ups were noticed in steel and flat bars, cement and hollow blocks. Prices of petroleum products such as gasoline, diesel and bunker oil also increased during the month.

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