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Release Date :
Reference Number :
2010-554

October 2010


  • Month-on-Month

    On a monthly basis, a higher price gain was observed in the index of fuels and lubricants at 1.8 percent from -2.7 percent; plywood, 1.5 percent from zero growth; and wood products, 0.5 percent from 0.1 percent. An upward price addition in the index for tileworks was also noted at 1.6 percent. However, this was offsetted by the negative rates which were still recorded in the indexes of the following commodity groups: cement, -0.4 percent from -1.8 percent; paints and reinforcing steel, -0.2 percent from -0.3 percent and -1.0 percent, respectively. In addition, prices in most of the commodity groups generally remained stable during the month. Thus, the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) posted a zero growth during the month.

  • Year-on-Year

    The annual rate of price adjustment based on the CMWPI in NCR was 4.9 percent in October from 4.7 percent in September. A higher annual price hike was registered in the index of plywood (5.8% from 4.2%); fuels and lubricants (9.4% from 6.1%); structural steel (6.3% from 5.5%); and tileworks (2.5% from 0.8%). Slower annual price increments were however seen in the indexes of cement and reinforcing steel. Moreover, negative annual rates were noticed in the indexes of wood products, metal pipes and paints. The annual price changes for the rest of the commodity groups remained at their last month's rates while those for blasting materials and machinery and equipment rental were still zero.


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: November 22, 2010

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