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Release Date :
Reference Number :
283

 

June 2007


  • Month-on-Month

    The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) recorded an increase of 1.1 percent in June from zero growth in May. This was mainly due to the 5.1 percent increment in the inflation of reinforcing steel from zero growth last month. Higher movements in the prices of the following commodity groups also contributed to the uptrend: cement, 0.1 percent from -0.2 percent; interior electrical fixtures and devices and electrical rough-in materials, 1.0 percent and 1.1 percent, respectively from -0.3 percent; structural steel, 0.5 percent from -0.4 percent; and wood products and metal pipes, 1.6 percent and 0.5 percent, respectively from zero growth. On the other hand, price additions were slower in fuels and lubricants while negative rates were noted in plywood, glass and glass products and concrete products. Prices for the rest of the commodity groups generally remained stable as they posted zero growth during the month.
     

  • Year-on-Year

    The annual inflation rate of the CMWPI in NCR moved up to 4.8 percent in June from 4.5 percent in May. Higher annual rates were observed in the prices of wood products at 3.5 percent in June from 2.4 percent in May; reinforcing steel, 8.1 percent from 4.3 percent; and structural steel, 5.6 percent from 5.5 percent. Slower annual movements were however seen in the prices of sand, stone and gravel, cement, glass and glass products, hardware, metal pipes, concrete products, interior electrical fixtures and devices, and electrical rough-in materials. Annual price reduction in plywood was at -1.8 percent from -1.1 percent. The rest of the commodity groups retained their previous month�s rates while inflation for asphalt, blasting materials and machinery and equipment rental were zero.

     


    Source: National Statistics Office
    Manila, Philippines

    Page last revised: July 21, 2007

 

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