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Release Date :
Reference Number :
2010-533

July 2010


  • Month-on-Month

    The monthly price movement of the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) further slowed down to 0.2 percent in July from 0.3 percent in June. This was due to the decrease still registered in the index of fuels and lubricants at -0.7 percent from -2.8 percent. In addition, a slower price uptick was observed in the index of cement at 1.0 percent from 2.8 percent. However, price hikes were higher in plywood, glass and glass products, hardware, concrete products, plumbing fixtures, structural steel, G.I. sheets, interior electrical fixtures and devices, tileworks and electrical rough-in materials. The upward price adjustments in the indexes for paints and reinforcing steel remained at their last month's rate of 0.2 percent. Prices for the rest of commodity groups generally remained stable as they posted a zero growth during the month.

  • Year-on-Year

    On an annual basis, the growth rate of the CMWPI in NCR rose to 4.4 percent in July from 4.2 in June. Higher annual price gains were recorded in the indexes of cement, plywood, fuels and lubricants, glass and glass products, plumbing fixtures, reinforcing steel, structural steel, G.I. sheets, interior electrical fixtures and devices, and electrical rough-in materials. Slower annual price increments were however noted in the indexes of sand, stone and gravel, PVC pipes, concrete products and uPVC pipes. Annual price reductions were also seen in the indexes of paints and tileworks. The other commodity groups retained their last month's annual growth rates while the indexes for metal pipes, blasting materials and machinery and equipment rental have zero growth.


    NOTE :

    Revisions of the monthly series from January 2009 to April 2010 were made to incorporate the machinery and equipment rental rates based on the latest updated data from the official source.

    Source: National Statistics Office
    Manila, Philippines

    Page last revised: August 18, 2010

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