On an annual basis, the retail price index of selected construction materials in the National Capital Region grew by 4.2 percent in November, the same rate posted in October. Higher annual increment was seen in masonry materials index at 12.6 percent in November from 11.6 percent in October. On the other hand, annual increases of the following commodity groups slowed down during the month in review: carpentry materials index, 1.2 percent from 1.4 percent; painting materials and related compounds index, 0.9 percent from 1.0 percent; and miscellaneous construction materials index, 7.4 percent from 8.1 percent The electrical and plumbing materials indices correspondingly retained their previous monthÃƒâ€™Ã‚Â³ rates of 7.6 percent and 2.0 percent while that for tinsmithry materials index continued to register negative rate at -2.7 percent from -2.8 percent.
The monthly change in the retail price index of selected construction materials in (NCR) eased to 0.2 percent in November from 0.3 percent in October. The gain in tinsmithry materials index decelerated to 0.2 percent in November from 0.1 percent in October. Meanwhile, the electrical materials index advanced to 0.2 percent from -0.2 percent; masonry materials index, 1.0 percent from 0.9 percent; painting materials and related compounds index, 0.3 percent from 0.2 percent; and plumbing materials index, 0.2 percent from 0.1 percent. The same October rate of 0.1 percent was observed in carpentry materials index while decline was posted in miscellaneous construction materials index at -0.5 percent from 1.7 percent.
Price hikes were noted in selected electrical wires and wiring devices, gravel, sand and paints.