Year-on-Year and Month-on-Month Growth Rates of the
Construction Materials Wholesale Price Index in the National Capital Region
| All Items | June 2016 | May 2016 | June 2015 | Year-to-date |
|---|---|---|---|---|
| Year-on-Year | 1.3 | 1.0 | -0.4 | 0.7 |
| Month-on-Month | 0.5 | 1.0 | 0.3 |
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Year-on-Year
On an annual basis, the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) further climbed to 1.3 percent in June 2016. Last month, it went up by 1.0 percent but in June 2015, it declined by 0.4 percent. The uptrend was brought about by the higher annual mark-ups posted in the indices of concrete products at 3.1 percent; cement, 1.9 percent; hardware and plywood, 1.2 percent; and reinforcing steel, 7.4 percent. Slower annual increases were, however, seen in the indices of sand and gravel at 3.1 percent; electrical works, 1.0 percent; and plumbing fixtures and accessories/waterworks, 2.3 percent. Moreover, annual decreases were still registered in the indices of lumber at -0.7 percent; G.I. sheet, -2.7 percent; structural steel, -3.7 percent; tileworks, -0.6 percent; painting works, -0.3 percent, and fuels and lubricants, -7.2 percent. From a flat growth last month, the index for doors, jambs, and steel casement also dropped by 1.5 percent. The rest of the commodity groups recorded a flat growth with the index of PVC pipes retaining its previous month’s rate of 0.2 percent (Table 2).
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Month-on-Month
The month-on-month increase of the CMWPI in NCR decelerated to 0.5 percent in June 2016. Last month, it gained by 1.0 percent. The indices of tileworks and electrical works both went down by 0.5 percent; structural steel, -0.7 percent; doors, jambs, and steel casement, -1.6 percent; and plumbing fixtures and accessories/waterworks, -0.1 percent. In addition, slower increments were noticed in the indices of reinforcing steel and fuel and lubricants at 0.4 percent and 1.8 percent, respectively. On the other hand, higher rates were registered in the indices of concrete products at 1.0 percent; cement, 0.7 percent; and hardware, 0.4 percent. From a flat growth, the indices of plywood rose 0.5 percent; lumber, 0.1 percent; and painting works, 0.4 percent. The rest of the commodity groups had a flat growth (Table 3).
Prices of hollow blocks, cement, nails, hinges, plywood, lumber, steel bars and paints were on the uptrend. Price hikes were also noted in gasoline, diesel and fuel oil. These were however, tempered by the downward adjustments in the prices of angle and flat bars, grout, doors, door jamb and selected electrical materials.
