Construction Materials Wholesale Price Index in the National Capital Region
Year on Year and Month on Month Growth Rates
|All Items||January 2018||December 2017||January 2017||Year-to-date|
On an annual basis, the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) accelerated by 5.7 percent in January 2018. Its annual growth in December 2017 was recorded at 4.3 percent and during the same month in the previous year, 3.6 percent. The uptrend was brought about by higher annual mark-ups posted in the indices of the following commodity groups:
- Sand and Gravel(2.3%);
- Concrete Products (5.2%);
- Hardware (4.1%);
- Plywood (1.1%);
- G.I. Sheet (1.5%);
- Structural Steel (7.3%);
- Tileworks (1.6%);
- Electrical Works (1.7%);
- Plumbing Fixtures and Accessories/Waterworks (1.1%); and
- Fuels and Lubricants (19.8%).
In addition, the annual change of glass and glass products index rose by 0.9 percent from zero growth in the previous month. From negative annual rate in December 2017, the index of PVC pipes also went up by 0.7 percent. On the other hand, slower annual increases were seen in the indices of reinforcing steel at 3.0 percent; doors, jambs, and steel casement, 2.9 percent; and painting works, 0.8 percent. The index of cement further decreased by 3.4 percent while the index of lumber retained its previous month’s rate of 2.7 percent.The indices of asphalt and machinery and equipment rental continued to register zero growth (see Table 2).
The month-on-month change of the CMWPI in NCR picked up by 1.8 percent in January 2018. Its growth in the previous month was posted at 0.1 percent. The indices of the following commodity groups exhibited higher rates during the period:
- Hardware (2.4%);
- G.I. Sheet (0.9%);
- Plumbing Fixtures and Accessories/Waterworks (0.6%); and
- Fuels and Lubricants (7.0%).
Moreover, the indices of the following commodity groups went up during the month from a zero growth in December 2017:
- Sand and Gravel (0.8%);
- Concrete Products (1.2%);
- Lumber, Glass and Glass Productsand Electrical Works (0.9%);
- Reinforcing Steel (1.1%); and
- Structural Steel (3.0%).
The indices of tileworks likewise increased by 1.2 percent and painting works, 0.3 percent after they recorded declines in December 2017. Meanwhile, the index of plywood however, moved up at a slower pace of 0.7 percent. In addition, the indices of cement dropped by 1.7 percent and doors, jambs, and steel casement, -0.1 percent. The rest of the commodity groups registered zero growth (see Table 3).
Price increases were observed in petroleum products, sand, gravel, hollow blocks, hardware products, plywood, lumber, G.I sheets, reinforcing and structural steel. Moreover, tileworks, selected electrical works, plumbing fixtures and accessories, and paints were priced higher during the month. On the other hand, downward price adjustments were seen incement, door jamb and PVC door.