Construction Materials Retail Price Index
in the National Capital Region
Year-on-Year and Month-on-Month Growth Rates
|All Items||November 2017||October 2017||November 2016||Year-to-date|
On an annual basis, the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) picked up by 1.7 percent in November 2017. Its annual growth in October 2017 was pegged at 1.4 percent and in November 2016, 2.2 percent. Higher annual increments were noted in the indices of the following commodity groups:
- Carpentry Materials (0.8%);
- Electrical Materials (1.1%);
- Masonry Materials (2.9%);
- Ttinsmithry Materials (1.1%); and
- Miscellaneous Construction Materials (8.3%).
Meanwhile, painting materials and related compounds index posted a slower annual rate of 1.2 percent and plumbing materials index, 0.5 percent (see Table 2).
Measured from a month ago level, the CMRPI in NCR went up by 0.4 percent in November 2017. Its growth in the previous month was registered at 0.1 percent. From a 0.2 percent decline in October 2017, the indices of electrical materials and masonry materials rose by 0.6 percent and 0.3 percent, respectively. Moreover, the increment in carpentry materials index was higher at 0.3 percent. The tinsmithry materials index likewise inched up by 0.3 percent from a zero growth in the previous month. On the other hand, the plumbing materials index moved up at a slower pace of 0.1 percent and miscellaneous construction materials index, 1.0 percent. Painting materials and related compounds index exhibited a 0.1 percent decrease during the month (see Table 3).
Upward adjustments were seen in the prices of lumber, common wire nails, electrical wires, cement, sand, gravel, faucet, G.I. sheet and steel bars during the period. However, paints and G.I. pipes were priced lower this month.