CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX IN THE NATIONAL CAPITAL REGION
Year on Year and Month on Month Changes in Percent
|May 2018||April 2018||May 2017||Year-to-date|
On an annual basis, the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) picked up by 8.0 percent in May 2018. Its annual rate in the previous month was 7.5 percent and in May 2017, 2.4 percent. A faster double-digit annual rate of 29.9 percent was recorded for fuels and lubricants index during the month. Moreover, higher annual mark-ups were also posted in the indices of plywood at 3.0 percent and electrical works, 6.4 percent. Meanwhile, slower annual increases were observed in the indices of sand and gravel at 1.7 percent and G.I. sheet, 1.9 percent. Other commodity groups either retained their previous month’s rate or had zero growth (see Table 2).
The month-on-month increase of the CMWPI in NCR decelerated to 0.4 percent in May 2018. Its rate in the previous month was recorded at 0.9 percent. The index of G.I. sheet dropped by 0.1 percent during the month. In addition, slower increases were noted in the indices of cement at 0.1 percent; reinforcing steel, 0.3 percent; and electrical works, 1.3 percent. Meanwhile, a higher increment of 2.7 percent was registered in the index of fuels and lubricants. The rest of the commodity groups exhibited zero growth (see Table 3).
Upward adjustments were observed in the prices of petroleum products, cement, steel bars and selected electrical materials. On the other hand, prices of G.I. sheets were generally lower this month.
See more at the Construction Materials Wholesale Price Index landing page.