Year-on-Year and Month-on-Month Growth Rates
of Construction Materials Retail Price Index
|All Items||March 2015||February 2015||March 2014||Year-to-date|
The annual increase of the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) further eased to 0.1 percent in March 2015. It was posted at 1.5 percent last month and 1.2 percent in March 2014. Annual declines were noted in the following commodity groups: electrical materials index, -2.2 percent; plumbing materials index, -0.4 percent; and miscellaneous construction materials index, -5.6 percent. In addition, slower annual upticks were seen in masonry materials index at 1.2 percent; painting materials and related compounds index, 2.2 percent and tinsmithry materials index, 1.7 percent. On the other hand, a higher annual gain was noted in carpentry materials index at 2.9 percent.
On a monthly basis, the CMRPI in NCR further dropped by 0.6 percent in March 2015. Last month, it declined by -0.5 percent.
Monthly decreases were observed in electrical materials and masonry materials indices at -1.1 percent; plumbing materials index, -1.7 percent; tinsmithry materials index, -0.1 percent; and miscellaneous construction materials index, -3.1 percent. The index for painting materials and related compounds moved at it’s last month rate of 0.1 percent while that of carpentry materials index had a faster monthly gain of 0.6 percent.
Prices of selected electrical wires and wiring devices, gravel, sand, plumbing fittings, corrugated GI sheets and steel bars were generally quoted lower during the month. On the other hand, plywood was priced higher during the period.