CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX
in the National Capital Region
(1985=100)
November 2007

• Month-on-Month

           The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) went up by 0.2 percent in November from 0.1 percent in October. This was primarily due to the 4.1 percent increment in the prices of fuels and lubricants from 3.0 percent last month. Likewise, higher growth rates in the prices of sand, stone and gravel and reinforcing steel were correspondingly observed at 0.5 percent and 0.3 percent from zero growth. On the other hand, price reductions were recorded in plywood, structural steel, interior electrical fixtures and devices, machinery and equipment rental, and electrical rough-in materials. Prices for the rest of the commodity groups generally remained stable as they registered zero growth during the month.
  
  

• Year-on-Year

            The year-on-year inflation rate of the CMWPI in NCR slowed down to 3.6 percent in November from 3.7 percent in October. Slower annual price adjustments were seen in the following commodity groups: wood products (2.2% from 2.9%), hardware (2.1% from 2.3%), PVC pipes and paints (1.9% from 2.0%), reinforcing steel (6.8% from 7.3%), structural steel (4.3% from 5.4%), G.I. sheets (4.6% from 5.9%), aluminum and other metal products (10.9% from 17.4%), and tileworks (0.7% from 1.3%). Meanwhile the index for plywood, exterior electrical equipment/supplies, interior electrical fixtures and devices, machinery and equipment rental further dropped during the month while movement in the prices of electrical rough-in materials was still negative at -1.5 percent. The rest of the commodity groups retained their previous month's rates while those for plumbing fixtures and blasting materials were still zero.

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  Source:    National Statistics Office
                    Manila, Philippines
  
  Page last revised:   December 22, 2007