Construction Materials Wholesale Price Index in the National Capital Region (1985=100) : September 2007

Reference Number: 307
Release Date: 13 October 2007

 

September 2007


  • Month-on-Month

              The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) increased by 0.5 percent in September from a negative growth rate of 0.1 percent in August. The price of cement went up by 0.3 percent in September from -0.1 percent in August; plywood, 0.1 percent from -0.3 percent; and structural steel, 0.2 percent from -0.8 percent. Moreover, prices of the following commodity groups picked up during the month from zero growth: glass and glass products, 0.7 percent; metal pipes, 0.3 percent; concrete products, 0.6 percent; paints, 1.1 percent; reinforcing steel, 2.0 percent; and G.I. sheets, 1.0 percent.
     

  • Year-on-Year

              The annual inflation of the CMWPI in NCR moved up to 3.8 percent in September from 3.3 percent in August. Faster rates were noted in the annual price increments of the following commodity groups: Fuels and lubricants and glass and glass products, 1.8 percent from -3.5 percent and 1.0 percent, respectively; concrete products, 1.2 percent from 0.8 percent; paints, 2.0 percent from 1.6 percent; reinforcing steel, 7.2 percent from 5.1 percent; G.I. sheets, 8.0 percent from 7.2 percent; and interior electrical fixtures and devices, 0.5 percent from -0.1 percent. Slower annual movements were however observed in the prices of sand, stone and gravel, cement, lumber, hardware, metal pipes, and structural steel. Annual corresponding price declines were registered in plywood and electrical rough-in materials at -2.0 percent and -1.1 percent from their respective rates of -1.8 percent and 0.4 percent. The rest of the commodity groups retained their previous month' rates while inflation for asphalt, blasting materials and machinery and equipment rental were still zero.

     


    Source:    National Statistics Office
                      Manila, Philippines

    Page last revised:   December 13, 2007


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