The monthly change of the retail price index of selected construction materials in NCR went up at a slower rate of 0.1 percent in October from 0.7 percent in September. The index of tinsmithry materials declined by -0.3 percent in October from 1.6 percent in September. Moreover, increases in masonry materials and miscellaneous construction materials indexes correspondingly eased to 0.1 percent and 1.0 percent from their respective last monthÃƒâ€™Ã‚Â³ rates of 2.1 percent and 3.4 percent. The rest of the commodity groups remained stable as they exhibited zero growth.
Price reductions were observed in corrugated GI sheet, elbow (GI), and union patente (GI). Price hikes were however noted in selected lumber, cement and steel bars.
The annual growth rate of the retail price index of selected construction materials in NCR slowed down to 3.8 percent in October from 4.6 percent in September. Annual increment in carpentry materials index decelerated to 5.9 percent in October from 6.4 percent in September; electrical materials, 2.8 percent from 4.4 percent; painting materials and related compounds, 5.3 percent from 5.8 percent; plumbing materials, 2.6 percent from 4.2 percent; and tinsmithry materials, 1.2 percent from 2.0 percent. Meanwhile, the indices of masonry materials and miscellaneous construction materials have higher annual rates during the month in review.
Source: National Statistics Office