Construction Materials Wholesale Price Index in the National Capital Region (2000=100) : April 2017
Release Date: 15 May 2017
Construction Materials Wholesale Price Index in the National Capital Region
Year on Year and Month on Month Growth Rates
|All Items||April 2017||March 2017||April 2016||Year-to-date|
The annual growth of the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) slowed down to 3.5 percent in April 2017. It went up by 3.8 percent in March 2017 and 0.7 percent in April 2016. The annual adjustments in the indices of plywood and electrical works both dropped by 0.2 percent and PVC pipes, -0.3 percent. Moreover, slower annual increments were observed in the indices of cement at 0.1 percent; reinforcing steel, 5.4 percent; and fuels and lubricants, 15.2 percent. On the other hand, higher annual rates were seen in the indices of sand and gravel at 2.4 percent; doors, jambs, and steel casement, 1.9 percent; and plumbing fixtures and accessories/waterworks, 1.1 percent. Other commodity groups either retained their previous month’s rate or had zero growth during the month. (Table 2)
The CMWPI in NCR inched up by 0.2 percent in April 2017 from zero growth in the previous month. The indices of sand and gravel and reinforcing steel both picked up by 0.3 percent and doors, jambs, and steel casement, 1.3 percent. From zero growth in March 2017, the index for hardware likewise gained by 0.1 percent. Moreover, from a negative rate in the previous month, the index of fuels and lubricants went up by 0.3 percent. Meanwhile, a slower rate of increase at 0.1 percent was noticed in the index of electrical works. The index for cement continued to decline as it recorded -0.4 percent. The rest of the commodity groups had zero growth. (Table 3)
Prices of gravel, selected hardware products, steel bars, doors, jambs, selected electrical materials and lubricating oil were on the uptrend. On the other hand, cement was priced lower during the month.