CONSTRUCTION MATERIALS RETAIL PRICE INDEX
IN THE NATIONAL CAPITAL REGION
Year-on-Year and Month-on-Month Changes in Percent
|May 2018||April 2018||May 2017||Year-to-date|
The year-on-year change of the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) settled at 2.6 percent in May 2018. It was the same rate recorded in the previous month. In May 2017, the annual growth was posted at 1.0 percent. Higher annual increments were registered in the indices of carpentry materials at 3.8 percent and painting materials and related compounds, at 1.6 percent. Meanwhile, a slower annual gain of 1.3 percent was noted in tinsmithry materials index. Annual movements in the indices of electrical materials remained at 1.3 percent; masonry materials, at 3.1 percent; plumbing materials, at 1.4 percent and miscellaneous construction materials, at 8.1 percent (see Table 2).
Measured from a month ago level, the CMRPI in NCR moved up at a slower pace of 0.1 percent in May 2018. In the previous month, its rate was registered at 0.3 percent. The increase in carpentry materials index slowed down to 0.2 percent while that for painting materials and related compounds index remained at its previous month’s rate of 0.1 percent. Other commodity groups posted zero growth during the month (seeTable 3).
Upward price adjustments were observed in plywood, lawanit, common wire nails, electrical wires, PVC pipe, hollow blocks, paints, corrugated G.I. sheets and steel bars. Meanwhile, cement was priced lower during the month.
See more at the Construction Materials Retail Price Index page.