CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX IN THE NATIONAL CAPITAL REGION
Year on Year and Month on Month Changes in Percent
|August 2018||July 2018||August 2017||Year-to-date|
The annual increase of the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) further slowed down to 7.9 percent in August 2018. Its annual rate went up by 8.4 percent in July 2018 and 2.8 percent in August 2017. Compared with their annual rates in July 2018, slower annual increments were posted in the indices of the following commodity groups:
- Sand and Gravel, 2.1%;
- Concrete Products, 4.1%;
- Lumber, 9.2%;
- Structural Steel, 7.3%;
- Tileworks, 2.2%; and
- Fuels and Lubricants, 26.8%.
Meanwhile, the indices of the following commodity groups exhibited higher annual gains during the month:
- Cement, 1.5%;
- Plywood, 2.9%;
- G.I. Sheet, 1.3%;
- Reinforcing Steel, 11.4%;
- Doors, Jambs, and Steel Casement, 3.0%;
- Electrical Works, 9.7%;
- Plumbing Fixtures and Accessories/Waterworks, 2.1%; and
- PVC Pipes, 0.9%.
The rest of the commodity groups either had zero growth or retained its previous month’s rate (see Table 2).
The month-on-month change of the CMWPI in NCR inched up by 0.4 percent in August 2018. Its rate of change in the previous month was recorded at -0.3 percent. The index of fuels and lubricants picked up by 0.4 percent from -0.1 percent in the previous month. Moreover, the indices of concrete products and plywood increased by 0.2 percent from their respective previous month’s rates of -0.8 percent and -0.3 percent. From zero growth in the previous month, increments were also registered in the indices of reinforcing steel at 1.1 percent and structural steel, 0.2 percent. Slower monthly increases were, however, posted in the indices of the following commodity groups:
- Sand and Gravel and Painting Works, each at 0.1%;
- Hardware, 0.7%;
- Lumber and Electrical Works, each at 0.6%; and
- G.I. Sheet, 0.2%.
The index of tileworks dropped by 0.2 percent this month from a 0.2 percent growth in July 2018. The PVC pipes index retained its previous month’s rate of 0.4 percent, while the rest of the commodity groups had zero growth during the period (see Table 3).
Prices of petroleum products such as gasoline and diesel went up in August 2018. Hollow blocks, selected hardware products, steel bars, angle bar, electrical products, paints and PVC pipes were also priced higher during the period.
See more at the Construction Materials Wholesale Price Index Main page.