On a monthly basis, the Retail Price Index of Selected Construction Materials in NCR went up at a slower rate of 0.1 percent in April from 0.6 percent in March. This was attributed mainly to the declines in the indexes of electrical materials and miscellaneous construction materials at -1.1 percent and -1.8 percent from their respective last month's rates of 1.0 percent and -1.6 percent. Moreover, a slower price gain was noted in carpentry materials at 0.7 percent from 2.0 percent. Prices of masonry materials and tinsmithry materials remained stable as their group's indexes registered zero growth from 0.2 percent while the rest of the commodity groups posted higher monthly growth rates.
Price reductions were observed in selected electrical wiring devices and round steel bars.
The annual growth rate of the Retail Price Index of Selected Construction Materials in NCR further decelerated to 1.7 percent in April from 3.1 percent in March. Except for painting materials and related compounds whose index increased to 7.2 percent in April from 6.6 percent in March, all the other group indices recorded lower annual growth rates. Slower rates were registered in carpentry materials ar 6.2 percent in April from 6.7 percent in March; electrical materials, 4.0 percent from 6.9 percent; masonry materials, 5.6 percent from 7.8 percent; plumbing materials, 2.7 percent from 3.0 percent and tinsmithry materials 11.8 percent from 12.1 percent. The miscellaneous construction materials group still recorded a negative rate.
Source: National Statistics Office
Page last revised: June 3, 2009