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Construction Materials Wholesale Price Index in the National Capital Region (2012=100) : July 2020

Reference Number: 2020-233
Release Date: 25 August 2020

Construction Materials Wholesale Price Index (CMWPI)
in the National Capital Region (NCR)
(2012=100)

July 2020

Table A. Year-on-Year Growth Rates of the CMWPI in NCR, All Items
In Percent
(2012=100)

July 2020 June 2020 July 2019 Year-to-Date
1.8 1.2 3.0 1.5

                                              Source : Philippine Statistics Authority

                                               

Figure 1. Annual Growth Rates of the CMWPI in NCR, All Items
July 2019 - July 2020
(2012=100)

GWPI

                                                                Source : Philippine Statistics Authority
    

CMWPI in NCR moves upward during the month

The year-on-year change of CMWPI in NCR picked up by 1.8 percent in July 2020. Its annual rate in June 2020 was recorded at 1.2 percent and in July 2019, 3.0 percent. (Tables A and 2)

Compared with their annual rates in June 2020, annual increases were higher in the indices of the following commodity groups:

          a. Concrete products and cement; and hardware, both at 3.6 percent;
          b. Lumber, 4.4 percent;
          c. Tileworks, 16.8 percent; and
          d. Electrical works, 1.9 percent.

Moreover, the annual decline in the index of fuels and lubricants group during the month at 7.2 percent was lower relative to its double-digit annual decrease of 10.5 percent in the previous month.

On the other hand, annual increments were slower in the indices of sand and gravel; and G.I. sheet which both  registered at 1.1 percent; painting works, 0.5 percent; and PVC pipes, 3.6 percent.

Meanwhile, the annual rate in the index of plywood fell further by 0.7 percent and an annual drop of 0.4 percent was recorded in both the indices of reinforcing and structural steel; and plumbing fixtures and accessories/waterworks.

The indices of the rest of the commodity groups maintained their previous month’s annual growth rates. (Table 2)
 

 

See more at the Construction Materials Wholesale Price Index Main page.


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