Construction Materials Wholesale Price Index in the National Capital Region (1985=100) : November 2009
Release Date: 29 December 2009
On a monthly basis, the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) posted a zero growth in November from -0.2 percent in October as prices in most of the commodity groups generally remained stable during the month. Price declines were correspondingly recorded in sand, stone and gravel and cement at -0.4 percent and -0.2 percent from their respective last month's rates of zero growth and -0.1 percent. Structural steel retained its previous month's rate of -0.7 percent. Meanwhile, higher price movement was observed in fuels and lubricants at 4.3 percent from -1.3 percent. From zero growth, a 0.2 percent price gain was also seen in plywood.
The annual growth rate of the CMWPI in NCR was still negative at -1.6 percent in November from -2.2 percent in October. This can be attributed to the annual reductions in the indices of sand, stone and gravel, -0.6 percent from -0.2 percent; plywood, -3.2 percent from -3.0 percent; fuels and lubricants, -1.1 percent from -18.6 percent; asphalt, -16.4 percent from -15.0 percent; and structural steel, -5.9 percent from -6.8 percent. Likewise, a slower annual price adjustment was noticed in cement at 1.5 percent from 2.0 percent. On the other hand, annual increments were higher in the prices of metal pipes, interior electrical fixtures and devices and electrical rough-in materials. The rest of the commodity groups retained their last month's annual growth rates while that for blasting materials and machinery and equipment rental index was still zero.
Revisions of the monthly series from December 2007 to May 2008 were made due to the updates made by the official source on machinery and equipment rental rates last June 25, 2008.
Source: National Statistics Office
Page last revised: December 29, 2009