Construction Materials Wholesale Price Index in the National Capital Region (1985=100) : May 2009
Release Date: 22 June 2009
The monthly growth rate of the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) moved up to 0.1 percent in May from -0.2 percent in April. Higher price movement was noted in reinforcing steel at 0.5 from -1.0 percent. From zero growth, prices of lumber and paints likewise, picked up to 0.3 percent during the month. However, price reductions were observed in metal pipes, structural steel, G.I. sheets, exterior electrical equipment/supplies, interior electrical fixtures and devices and electrical rough-in materials. The rest of the commodity groups either recorded a slower movement or a zero growth while the monthly price change of cement was at its last month's rate of 0.3 percent.
The annual inflation rate of the CMWPI in NCR decelerated to 9.8 percent in May from 12.2 percent in April. An annual price decrease in fuels and lubricants was seen at a rate of -23.9 percent from its previous month's rate of -20.9 percent. Moreover, annual price gains were slower in the following commodity groups: hardware, 18.7 percent from 22.3 percent; metal pipes, 5.5 percent from 7.9 percent; concrete products, 9.9 percent from 10.6 percent; reinforcing steel, 20.2 percent from 29.5 percent; structural steel, 9.4 percent from 12.0 percent; G.I. sheets, 13.5 percent from 16.3 percent; exterior electrical equipment/supplies, 9.9 percent from 13.8 percent; interior electrical fixtures and devices, 5.5 percent from 5.8 percent; and electrical rough-in materials, 3.4 percent from 3.5 percent. On the other hand, annual additions were higher in the prices of cement, lumber and paints. The rest of the commodity groups retained their last month's annual growth rates while that for blasting materials and machinery and equipment rental was zero.
Revisions of the monthly series from December 2007 to May 2008 were made due to the updates made by the official source on machinery and equipment rental rates last June 25, 2008.
Source: National Statistics Office
Page last revised: June 22, 2009
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