Year-on-Year and Month-on-Month Growth Rates
of Construction Materials Retail Price Index
| All Items | December 2014 | November 2014 | December 2013 | Year-to-date |
|---|---|---|---|---|
| Year-on-Year | 1.6 | 1.5 | 1.4 | 1.2 |
| Month-on-Month | 0.1 | -0.5 | 0.0 |
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Year-on-Year
The annual growth of the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) went up to 1.6 percent in December. It was recorded at 1.5 percent last month and in December 2013, 1.4 percent. Higher annual mark-ups were posted in carpentry materials index at 2.7 percent; masonry materials index, 7.7 percent, painting materials and related compounds index, 2.4 percent; and plumbing materials index, 0.2 percent. On the contrary, a slower annual increment was posted in the tinsmithry materials index at 2.2 percent. The indices of electrical materials and miscellaneous construction materials registered annual negative rates of 0.3 percent and 2.3 percent, respectively.
The annual average growth of the CMRPI for the year 2014 in NCR decelerated to 1.2 percent. It was 2.8 percent a year ago. Those for the indices of plumbing materials and miscellaneous construction materials in 2014 dropped by 0.4 percent and 2.7 percent, respectively. Moreover, the annual average rate in electrical materials index eased to 1.0 percent in 2014, masonry materials index, 3.2 percent; and tinsmithry materials index, 3.3 percent. Meanwhile, the indices of carpentry materials and painting materials and related compounds posted correspondingly higher annual average growths of 1.5 percent and 1.6 percent.
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Month-on-Month
On a monthly basis, the CMRPI in NCR inched up 0.1 percent in December compared to its November level. The index of carpentry materials in December increased by 0.5 percent; masonry materials index, 1.5 percent; painting materials and related compounds index, 0.1 percent; plumbing materials index, 0.4 percent; and miscellaneous construction materials index, 0.7 percent. On the other hand, declines were correspondingly seen in the indices of electrical materials and tinsmithry materials at -0.8 percent and -0.3 percent.
Price hikes were generally noticed in plywood, common wire nails, selected paints, sand paper, GI pipes, faucet and steel bars. Lower prices were however, observed in the prices of electrical wires, cement and GI corrugated sheet.
