Year-on-Year and Month-on-Month Growth Rates
of Construction Materials Retail Price Index
|All Items||December 2015||November 2015||December 2014||Year-to-date|
The year-on-year change of the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) continued to move downward as it posted a negative rate of 0.4 percent in December. It was pegged at -0.8 percent a month ago, while in December 2014, it went up by 1.6 percent. Annual declines were registered in the following indices: masonry materials, -2.0 percent; plumbing materials, -0.2 percent; tinsmithry materials, -0.4 percent; and miscellaneous construction materials, -7.2 percent. Moreover, the annual increase in carpentry materials index slowed down to 0.8 percent. Higher annual rates were however, posted in the indices of electrical materials and painting materials related compounds at 0.1 percent and 1.3 percent, respectively (Table 2).
The annual average of CMRPI for all items for the year 2015 dropped by 0.1 percent from 1.2 percent growth in 2014. During the year, the annual average adjustment of electrical materials index fell by 1.3 percent and miscellaneous construction materials index, -6.9 percent. In addition, the annual average uptick in masonry materials index eased to 1.8 percent and tinsmithry materials index, 0.3 percent. On the contrary, the annual average gain in carpentry materials index was higher at 2.0 percent. From -0.4 percent in 2014, the plumbing materials index rose 0.2 percent. The annual average growth of painting materials and related compounds index remained at 1.6 percent (Table 2).
On a monthly basis, the CMRPI in NCR reached 0.5 percent in December 2015. It recorded a 0.2 percent growth last month. The miscellaneous construction materials index posted a faster rate of 4.2 percent. Likewise, the index for carpentry materials inched up 0.2 percent from 0.1 percent drop a month ago. From a zero growth, the masonry materials index advanced by 0.3 percent; painting materials and related compounds index, 0.8 percent; and plumbing materials index, 0.1 percent. On the other hand, electrical materials index moved up at a slower pace of 0.2 percent while the index for tinsmithry materials decreased by 0.1 percent (Table 3).
Upward price adjustments were noted in lumber, cement and steel bars. Meanwhile, selected electrical wires, plywood, common wire and finishing nails were priced lower during the month.