Retail Price Index of Selected Construction Materials in the National Capital Region (2000=100) : October 2017

Reference Number: 

2017-278

Release Date: 

Friday, November 10, 2017

 


Construction Materials Retail Price Index
in the National Capital Region

(2000=100)

October 2017
Year-on-Year and Month-on-Month Growth Rates

All Items October 2017 September 2017  October 2016 Year-to-date
Year-on-Year

1.4

1.5

2.3

1.5
Month-on-Month

0.1

0.2

0.2

 

                                               

Year-on-Year

          The annual growth of the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) decelerated to 1.4 percent in October 2017. Its annual rate in September 2017 was pegged at 1.5 percent and in October 2016, 2.3 percent. Slower annual mark-ups were observed in the indices of electrical materials at 0.6 percent; masonry materials, 2.7 percent; painting materials and related compounds, 1.3 percent; and tinsmithry materials, 0.8 percent. Higher annual gains were however, noted in the indices of plumbing materials at 0.8 percent and miscellaneous construction materials, 7.3 percent. Annual movement of carpentry materials index remained at 0.6 percent during the month (see Table 2).

        

 

 

Month-on-Month

          The month-on-month increase of the CMRPI in NCR further slowed down to 0.1 percent in October 2017. Its growth in the previous month was pegged at 0.2 percent. The indices of electrical materials and masonry materials both declined by 0.2 percent. Moreover, the monthly gain noted in carpentry materials index was slower at 0.1 percent. On the other hand, the increments in the indices of plumbing materials were higher by 0.2 percent and miscellaneous construction materials, 1.1 percent. Other commodity groups posted zero growth during the month (see Table 3).

          Price decreases were observed in electrical wires, cement and gravel during the period. However, upward price adjustments were seen in the prices of lumber, plywood, common wire nails, PVC pipe, G.I. pipes, and steel bars this month (see Table 3).

 

Attachment: 

Tags: