On a monthly basis, the growth rate of the retail price index of selected construction materials in NCR eased to 0.4 percent in March from 1.1 percent in February. The monthly adjustments in electrical and tinsmithry materials indexes declined to -0.2 percent in March from their respective February rates of 1.4 percent and 0.1 percent, and plumbing materials index, -0.6 percent from 0.4 percent. In addition, the monthly gain in painting materials and related compounds index decelerated to 0.7 percent from 0.8 percent and miscellaneous construction materials index, 0.8 percent from 0.9 percent. The movement in carpentry materials index remained at 1.7 percent while the index of masonry materials posted a zero growth during the month in review.
Price reductions were noted in selected electrical wires, PVC pipe, faucet, and corrugated GI sheet.
The annual growth rate of the retail price index of selected construction materials in NCR picked up to 4.9 percent in March from to 4.4 percent in February. A higher annual rate was recorded in carpentry materials index at 7.2 percent in March from 5.3 percent in February; masonry materials; 1.1 percent from 1.0 percent; and painting materials and related compounds, 3.3 percent from 2.8 percent. The rest of the commodity groups have slower annual growth rates.
Source: National Statistics Office
Page last revised: April 27, 2011