Construction Materials Wholesale Price Index in the National Capital Region (2000=100) : November 2015
Release Date: 23 December 2015
Year-on-Year and Month-on-Month Growth Rates of the
Construction Materials Wholesale Price Index in the National Capital Region
|All Items||November 2015||October 2014||November 2014||Year-to-date|
The annual Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) continued to drop as it recorded a negative rate of 0.2 percent in November. Last month, it was posted at -0.8 percent while in November 2014, it grew by 0.8 percent. Annual declines were noted in the indices of cement at -1.1 percent; reinforcing steel, -0.1 percent; and fuels and lubricants, -11.7 percent. Moreover, slower annual increases were observed in the indices of sand and gravel at 2.2 percent; hardware, 2.4 percent; plywood, 2.9 percent; G.I. sheet, 0.3 percent; structural steel, 0.5 percent; electrical works, 1.9 percent; and plumbing fixtures and accessories, 5.1 percent. On the other hand, the concrete products index went up faster at 2.0 percent. The rest of the commodity groups retained their last month’s rates with the glass and glass products index registering a zero growth.
On a monthly basis, the CMWPI inched up 0.2 percent in November. This was attributed to higher increments seen in the indices of concrete products at 0.2 percent and fuels and lubricants, 1.3 percent. The rest of the commodity groups posted zero growths during the month.
Price hikes were noticed in gasoline and diesel. Likewise, concrete products were generally priced higher during the month.