Construction Materials Wholesale Price Index in the National Capital Region (2000=100) : January 2017
Release Date: 15 February 2017
Year-on-Year and Month-on-Month Growth Rates of the
Construction Materials Wholesale Price Index in the National Capital Region
|All Items||January 2017||December 2016||January 2016||Year-to-date|
The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) continued to climb as it recorded a higher annual growth of 3.6 percent in January 2017. It picked up by 3.1 percent in December 2016 and 0.8 percent in January 2016. The annual growth of fuels and lubricants index further moved upward by 18.9 percent. Moreover, higher annual mark-ups were posted in the indices of hardware at 1.2 percent and PVC pipes, 0.7 percent. From negative annual rates in the previous month, the indices of lumber and structural steel both went up by 1.3 percent; tileworks, 0.6 percent; and painting works, 0.9 percent. On the other hand, slower annual increases were seen in the indices of sand and gravel at 2.5 percent; concrete products, 1.8 percent; cement, 1.7 percent; reinforcing steel, 5.2 percent; and plumbing fixtures and accessories/waterworks, 0.3 percent. Annual declines were registered in the indices of plywood at -0.2 percent; doors, jambs, and steel casement, -0.3 percent; and electrical works, -0.7 percent. Other commodity groups had zero growth (Table 2).
The month-on-month increase of the CMWPI in NCR decelerated to 0.4 percent in January 2017. It gained by 0.5 percent in the previous month. The indices of hardware and plywood both went down by 0.2 percent; concrete products, -0.5 percent; cement, -0.9 percent; electrical works, -0.3 percent; and PVC pipes, -0.9 percent. In addition, slower monthly increments were noticed in the indices of structural steel and fuels and lubricants at 0.4 percent and 2.5 percent, respectively. On the other hand, higher mark-ups were registered in the indices of lumber at 0.9 percent and reinforcing steel, 1.5 percent. From a zero growth in the previous month, the indices of plumbing fixtures and accessories/waterworks and painting works both went up by 0.5 percent; tileworks, 1.1 percent; and doors, jambs, and steel casement, 1.3 percent. The rest of the commodity groups had flat growth during the month (Table 3).
Lumber, steel plates and bars, vinyl tile, doors, selected plumbing fixtures and accessories/waterworks products and selected paint products were priced higher in January 2017. Price hikes were also noted in gasoline, diesel and fuel oil. Meanwhile, lower prices were observed in hollow blocks, cement, selected hardware products, selected electrical materials and PVC pipes.