Construction Materials Wholesale Price Index in the National Capital Region (2000=100) : March 2018
Release Date: 17 April 2018
CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX IN THE NATIONAL CAPITAL REGION
Year on Year and Month on Month Changes in Percent
|March 2018||February 2018||March 2017||Year-to-date|
The annual change of the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) continued to move at a faster pace of 6.7 percent in March 2018. Its annual rate in February 2018 was recorded at 6.3 percent and in March 2017, 3.8 percent.The fuels and lubricants index further accelerated by 23.3 percent. Moreover, higher annual gains were posted in the indices of the following commodity groups:
- Hardware (4.9%);
- Reinforcing Steel (6.2%);
- Structural Steel (7.8%);
- Tileworks (3.5%); and
- Electrical Works (3.2%).
Annual increases in the indices of the following commodity groups were however, slower during the month:
- Concrete Products (5.1%);
- Plywood (2.3%);
- Doors, Jambs, and Steel Casement (2.0%);
- Plumbing Fixtures and Accessories/Waterworks (1.2%);
- Painting Works (0.7%); and
- PVC Pipes (0.2%).
Downward movement was still recorded in cement index as its annual rate dropped by1.2 percent. Other commodity groups either retained their previous month’s rate or had zero growth (see Table 2).
The CMWPI in NCR continued to increase but at a slower pace of 0.4 percent in March 2018. Its rate in the previous month was recorded at 0.8 percent. The index of plywood fell by 0.1 percent. In addition, slower monthly increments were noted in the indices of lumber at 1.1 percent; structural steel, 0.3 percent; and fuels and lubricants, 0.1 percent. Meanwhile, the indices of the following commodity groups posted higher increases during the period:
- Sand and Gravel (0.2%);
- Hardware (0.8%);
- Reinforcing Steel (2.0%);
- Tileworks (1.8%); and
- Electrical Works (1.0%).
Moreover, the index of cement went up by 2.0 percent after it had a 0.1 percent decline in the previous month. The rest of the commodity groups registered zero growth during the month (see Table 3).
Higher prices were observed in gravel, cement, welding rod, nails, lumber, steel bars, angle bars, vinyl tile, grout, selected electrical works, plumbing fixtures and accessories. Price hikes were also noticed in petroleum products such as gasoline and lubricating oil. On the other hand, fiber cement board decreased during the month.