April 2008

• Month-on-Month

  The month-on-month growth rate in prices of selected construction materials in NCR went up at a slower rate of 1.5 percent in April from 2.5 percent in March. The monthly price increase in the miscellaneous construction materials index slowed down to 2.3 percent in April from 11.7 percent in March. On the other hand, monthly growth rates in the indices of carpentry materials and painting materials and related compounds were correspondingly higher at 1.1 percent in April from their respective last monthÒ³ rates of 0.3 percent and 0.2 percent in March; electrical materials index, 1.6 percent from 0.1 percent; masonry materials index, 2.1 percent from 0.8 percent; plumbing materials index, 0.4 percent from 0.2 percent; and tinsmithry materials index, 0.3 percent from zero growth.

  Price hikes were noticed in lumber, nails, electrical wires, cement, gravel, sand, hollow blocks, sand paper, paints, GI sheets and steel bars.
  

• Year-on-Year

  The annual growth rate of the retail prices of selected construction materials in NCR picked up to 7.1 percent in April from 5.5 percent in March. All the commodity groups registered higher annual growth rates: Carpentry materials, 2.8 percent in April from 1.2 percent in March; electrical materials, 7.5 percent from 6.1 percent; masonry materials, 5.8 percent from 3.8 percent; painting materials and related compounds, 4.3 percent from 3.5 percent; plumbing materials, 2.1 percent from 1.5 percent; tinsmithry materials, 1.3 percent from 1.1 percent; and miscellaneous construction materials, 23.1 percent from 21.0 percent.

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  Source: National Statistics Office
  Manila, Philippines

  Page last revised: August 13, 2008