Construction Materials Wholesale Price Index in the National Capital Region (2000=100) : March 2017

Reference Number: 

2017-088

Release Date: 

Monday, April 10, 2017

 


Construction Materials Wholesale Price Index in the National Capital Region
(2000=100)

 

Year on Year and Month on Month Growth Rates

All Items March 2017 February 2017  March 2016 Year-to-date
Year-on-Year

3.8

4.0

0.2

3.8
Month-on-Month

0.0

0.3

0.2

 

 

 

Year-on-Year

          The year-on-year growth of the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) slowed down to 3.8 percent in March 2017. It went up by 4.0 percent in February 2017 and 0.2 percent in March 2016. Negative annual rates were still noted in the indices of plywood at -0.4 percent and electrical works, -0.5 percent. Moreover, slower annual hikes were registered in the indices of the following commodity groups:

  • Sand and gravel (2.0%)
  • Concrete products (1.6%)
  • Cement (0.7%)
  • Hardware (1.1%)
  • Fuels and lubricants (16.6%)

          Higher annual increments were, however, seen in the indices of the following commodity groups

  • Lumber (2.4%)
  • Reinforcing steel (7.5%)
  • Structural steel (2.0%)
  • Tileworks (0.6%)
  • Doors, jambs and steel casement (0.7%)
  • Painting works and PVC pipes (1.3%)

          Other commodity groups either retained their previous month’s rate or had a  zero growth. (Table 2)

 

         

Month-on-Month

          The CMWPI in NCR had a zero growth in March 2017 due to the offsetting price trends observed among the commodity groups. It picked up by 0.3 percent in the previous month. From a zero growth in February 2017, the index for PVC pipes gained by 0.7 percent. Moreover, the indices of reinforcing steel and electrical works both went up by 0.2 percent and lumber, 1.1 percent. Meanwhile, slower rates of increases were noticed in the indices of sand and gravel at 0.2 percent and doors, jambs and steel casement, 0.1 percent. The indices of cement went down by 0.1 percent and fuels and lubricants, -1.1 percent. The rest of the commodity groups either retained their previous month’s rate or had a zero growth. (Table 3)

          Higher prices were recorded in gravel, hollow blocks, coco lumber, steel bars, some plumbing fixtures, electrical materials, paint products and PVC pipes. On the contrary, gasoline, diesel, fuel oil and cement were priced lower during the month.

 

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