Year-on-Year and Month-on-Month Growth Rates
of Construction Materials Retail Price Index
|All Items||January 2015||December 2014||January 2014||Year-to-date|
The annual growth of the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) picked up to 1.9 percent in January 2015. It was recorded at 1.6 percent last month and in January 2014, 0.5 percent. Compared to their December rates, annual gains in the following commodity groups were faster: carpentry materials index, 3.0 percent; electrical materials index, 0.4 percent; painting materials and related compounds index, 2.5 percent; and plumbing materials index, 0.8 percent. On the other hand, slower annual increments were posted in the indices of masonry materials and tinsmithry materials at 7.2 percent and 2.0 percent, respectively. The miscellaneous construction materials index registered an annual decline of 3.0 percent.
On a monthly basis, the CMRPI in NCR inched up 0.1 percent in January 2015. It was the same rate noted in December 2014.
The tinsmithry materials index had a faster monthly growth of 0.6 percent. On the other hand, the increase in the carpentry materials index eased to 0.1 percent and masonry materials and plumbing materials indices, 0.3 percent. Moreover, declines were noticed in the indices of painting materials and related compounds and miscellaneous construction materials at -0.3 percent and -1.1 percent, respectively. A zero growth was seen in electrical materials index.
Price hikes were generally observed in tinsmithry materials, common wire nails, gravel, sahara cement and brass faucet. Prices of cement and steel bars were, however, lower during the month in review.