Year-on-Year and Month-on-Month Growth Rates
of Construction Materials Retail Price Index
|All Items||September 2014||August 2014||September 2013||Year-to-date|
The annual gain of the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) slowed down to 1.3 percent in September. It was 1.5 percent last month and 1.9 percent in September 2013. Annual declines were still noted in the indices of the following commodity groups: masonry materials, -0.2 percent; plumbing materials, -0.4 percent; and miscellaneous construction materials, -3.7 percent. Moreover, the annual hikes in the indices of electrical materials and painting materials and related compounds correspondingly eased to 1.2 percent and 2.8 percent. Meanwhile, the indices of carpentry and tinsmithry materials correspondingly advanced 2.4 and 3.8 percent during the month.
On a monthly basis, the CMRPI in NCR dropped by 0.2 percent in September. Monthly decreases were posted in the indices of electrical materials, -0.2 percent; painting materials and related compounds, -0.3 percent; plumbing materials, -0.1 percent; and miscellaneous construction materials, -1.6 percent. In addition, a slower monthly uptick of 0.1 percent were seen in the indices of carpentry materials and tinsmithry materials. No movement was seen in the index of masonry materials as it had a zero growth.
Prices of electrical wires, tinting color for paints, shower head, and steel bars were generally quoted lower during the month. On the other hand, higher price adjustments were noted in plywood, nails, hollow blocks and corrugated GI sheet.