Year-on-Year and Month-on-Month Growth Rates
of Construction Materials Retail Price Index
|All Items||September 2015||August 2015||September 2014||Year-to-date|
On an annual basis, the Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) moved at its previous month’s rate of -0.4 percent. In September 2014, it grew by 1.3 percent. Negative annual rates were still posted in the indices of electrical materials at -1.5 percent; tinsmithry materials, -1.1 percent; and miscellaneous construction materials, -9.2 percent. Moreover, slower annual increments were noted in the corresponding indices of carpentry materials and masonry materials at 1.2 percent and 3.9 percent. A higher annual increase was however, registered in the indices of painting materials and related compounds and plumbing materials at 0.8 percent and 0.1 percent, respectively.
Measured from a month ago level, the CMRPI in NCR declined by 0.2 percent in September. The indices of carpentry materials, masonry materials and tinsmithry materials dropped by 0.1 percent and miscellaneous construction materials, -3.1 percent. No movement was however recorded in the other commodity groups.
Prices of nails, cement, corrugated GI sheets and steel bars went down during the month. The other construction materials group generally remained stable this month as they registered a zero growth.