CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX IN THE NATIONAL CAPITAL REGION
Year on Year and Month on Month Changes in Percent
|September 2018||August 2018||September 2017||Year-to-date|
On an annual basis, the Construction Materials Wholesale PriceIndex (CMWPI) in the National Capital Region (NCR) accelerated by 8.0 percent in September 2018. Its annual growth in August 2018 was recorded at 7.9 percent and 3.2 percent in September 2017. Compared with their annual rates in August 2018, higher annual mark-ups were posted in the indices of the following commodity groups:
- Sand and Gravel, 2.5%;
- Concrete Products,4.5%;
- Plywood, 4.0%;
- Lumber, 9.4%;
- G.I. Sheet, 1.9%;
- Electrical Works, 9.9%;
- Plumbing Fixtures and Accessories/Waterworks, 2.2%; and
- Fuels and Lubricants, 27.5%.
On the other hand, slower annual increases were seen in the indices of the following commodity groups during the month:
- Cement, 1.2%;
- Hardware, 6.2%;
- Reinforcing Steel, 10.9%;
- Structural Steel, 6.3%;
- Doors, Jambs, and Steel Casement, 2.7%; and
- Painting Works, 0.6%.
The rest of the commodity groups either had zero growth or retained their previous month’s rates (see Table 2).
The month-on-month change of the CMWPI in NCR picked up by 0.6 percent in September 2018. Its rate in the previous month was posted at 0.4 percent. The indices of sand and gravel picked up by 0.2 percent; plywood, 0.7 percent; and fuels and lubricants, 3.7 percent. From a zero growth in the previous month, the index of cement rose by 0.3 percent. Slower monthly increases were, however, recorded in the indices of the following commodity groups:
- Hardware, 0.2%;
- Lumber, 0.3%;
- Reinforcing Steel, 0.1%;
- Electrical Works, 0.4%; and
- Painting Works, 0.047%.
The index of plumbing fixtures and accessories/waterworks dropped by 0.1 percent this month. The rest of the commodity groups either retained their previous month’s rates or had zero growth during the period (see Table 3).
Price hikes were observed in petroleum products, sand, hollow blocks, cement, selected hardware products, plywood, lumber, steel bars, angle bar and electrical products during the period. On the other hand, the price of faucet declined during the month.
See more at the Construction Materials Wholesale Price Index Main page.