Construction Materials Wholesale Price Index in the National Capital Region (2012=100) : April 2019
Release Date: 07 May 2019
CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX IN THE NATIONAL CAPITAL REGION
Year on Year and Month on Month Changes of CMWPI
|April 2019||March 2019||April 2018||Year-to-date|
Annual increment of Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) continues to decelerate
The annual increase of the CMWPI in NCR slowed down further to 2.7 percent in April 2019. Annual growths were higher in March 2019 at 3.3 percent and in April 2018, 4.6 percent. Annual declines were seen in the indices of reinforcing and structural steel at 0.5 percent, and doors, jambs, and steel casement, 0.7 percent. Compared with their annual rates in March 2019, slower annual mark-ups were noted in the indices of the following commodity groups:
- Sand and gravel, 10.8 percent;
- Hardware, 1.1 percent;
- Plywood, 1.8 percent;
- Lumber, 4.8 percent;
- Electrical works, 7.4 percent;
- Painting works, 0.1 percent; and
- Fuels and lubricants, 7.9 percent.
Meanwhile, higher annual add-on was posted in the index of concrete products and cement at 4.7 percent. The rest of the commodity groups either retained their previous month’s rates or had a zero growth (see Table 2).
Monthly increment of the CMWPI in NCR remains at 0.02 percent in April 2019
The CMWPI in NCR was pegged at 0.02 percent in April 2019. This was the same rate recorded in March 2019. The index of electrical works picked up by 0.7 percent in April 2019. Moreover, the group’s index of concrete products and cement rose by 0.1 percent after it had registered a 0.7 percent decrease in the previous month. Slower monthly upticks were, however, observed in the indices of plumbing fixtures and accessories/waterworks at 0.2 percent, and fuels and lubricants, 1.2 percent. A decline of 0.2 percent was noted in the index of lumber. Other commodity groups had zero growth during the month (see Table 3).
Prices of cement, panel breaker, convenience outlet, and faucet went up in April 2019. Meanwhile, increases in the prices of petroleum products such as gasoline, diesel, and bunker fuel oil were slower during the month.
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