Philippine Statistics Authority

Year-on-Year

          On an annual basis, the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) picked up by 8.0 percent in May 2018. Its annual rate in the previous month was 7.5 percent and in May 2017, 2.4 percent. A faster double-digit annual rate of 29.9 percent was recorded for fuels and lubricants index during the month. Moreover, higher annual mark-ups were also posted in the indices of plywood at 3.0 percent and electrical works, 6.4 percent. Meanwhile, slower annual increases were observed in the indices of sand and gravel at 1.7 percent and G.I. sheet, 1.9 percent. Other commodity groups either retained their previous month’s rate or had zero growth (see Table 2).

         

Month-on-Month

          The month-on-month increase of the CMWPI in NCR decelerated to 0.4 percent in May 2018. Its rate in the previous month was recorded at 0.9 percent. The index of G.I. sheet dropped by 0.1 percent during the month. In addition, slower increases were noted in the indices of cement at 0.1 percent; reinforcing steel, 0.3 percent; and electrical works, 1.3 percent. Meanwhile, a higher increment of 2.7 percent was registered in the index of fuels and lubricants. The rest of the commodity groups exhibited zero growth (see Table 3).