October 2007

• Month-on-Month

  The month-on-month inflation rate in the retail prices of selected construction materials in NCR went up at a slower rate of 0.4 percent in October from 0.5 percent in September as prices of painting materials and related compounds further dropped to -0.4 percent from -0.1 percent. Moreover, a slower price increase was noted in miscellaneous construction materials at 0.6 percent from 2.6 percent. Prices of masonry and plumbing materials remained stable as their group's indexes registered a zero growth from 0.4 percent and 0.3 percent, respectively. Price gain in electrical materials remained at 0.3 percent while the rest of the commodity groups posted higher monthly growth rates.

  Price reductions were noted in sand paper and selected paint products.
  

• Year-on-Year

  The year-on-year inflation rate of the retail prices of selected construction materials picked up to 3.6 percent in October from 3.5 percent in September. Annual inflation for carpentry materials and plumbing materials were correspondingly higher at 0.8 percent and 1.5 percent from 0.4 percent and 0.1 percent, respectively. The rest of the commodity groups recorded slower annual growth rates.

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  Source: National Statistics Office
  Manila, Philippines

  Page last revised: November 20, 2007