CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX IN THE NATIONAL CAPITAL REGION
Year on Year and Month on Month Changes in Percent
|November 2018||October 2018||November 2017||Year-to-date|
Construction Materials Wholesale Price Index (CMWPI) at the National Capital Region (NCR) slightly increase
The annual change of CMWPI in NCR accelerated by 8.1 percent in November 2018. Its annual rate in October 2018 was recorded at 8.0 percent and in November 2017, 4.7 percent. Compared with their annual rates in October 2018, annual mark-ups were higher in the indices of the following commodity groups:
- Sand and Gravel, 8.0%;
- Concrete Products, 7.7%;
- Cement, 2.5%;
- Structural Steel, 5.2%;
- Tileworks, 2.8%;
- Doors, Jambs, and Steel Casement, 3.7%;
- Electrical Works, 10.1%; and
- Plumbing Fixtures and Accessories/Waterworks, 2.4%.
On the other hand, slower annual increases were registered in the indices of the following commodity groups during the month:
- Hardware, 6.6%;
- Reinforcing Steel, 8.1%;
- Painting Works, 0.7%; and
- Fuels and Lubricants, 19.1%.
The rest of the commodity groups retained their previous month’s annual rates while asphalt and machinery and equipment rental indices exhibited zero growths (see Table 2).
CMWPI at NCR moves up at a slower rate
The month-on-month increase of CMWPI in NCR decelerated to 1.0 percent in November 2018. Its rate in the previous month was recorded at 1.2 percent. Declines were posted in the indices of tileworks at 0.02 percent; painting works, 0.1 percent; and fuels and lubricants, 4.8 percent. Slower monthly increments were also noted in the indices of sand and gravel at 0.7 percent and hardware, 0.01 percent. Meanwhile, upticks in the indices of concrete products were higher at 3.9 percent and doors, jambs, and steel casement, 1.2 percent. Moreover, cement index picked up by 0.9 percent from -0.3 percent in the previous month. From a zero growth in the previous month, the indices of plywood went up by 0.1 percent; structural steel, 0.7 percent; and electrical works and plumbing fixtures and accessories/waterworks, both at 0.3 percent. The rest of the commodity groups either had zero growth or retained their previous month’s rates (see Table 3).
Price hikes were observed in sand and gravel, concrete products, cement, lumber, angle bar, door jamb, PVC door, selected electoral products and faucet. On the other hand, prices of paints and petroleum products such as gasoline, diesel and bunker fuel oil went down during the month.
See more at the Construction Materials Wholesale Price Index Main page.