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

• Month-on-Month

  The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) recorded a slower rate of increment of 0.2 percent in July from 0.6 percent in June. Negative rates were noted in paints (-0.1 percent from zero growth); interior electrical fixtures and devices (-0.9 percent from 1.0 percent); and electrical rough-in materials (-1.1 percent from 1.1 percent). Likewise, increases in the prices of wood products and fuels and lubricants correspondingly decelerated to 0.1 percent and 0.3 percent from 1.6 percent and 2.2 percent, respectively. On the other hand, higher growth rates were observed in the prices of cement, hardware, and structural steel. Prices for the rest of the commodity groups generally remained stable as they registered zero growth this month.
  
  

• Year-on-Year

  The annual inflation rate of the CMWPI in NCR slowed down to 3.3 percent in July from 4.3 percent in June. Annual price declines were seen in plywood, fuels and lubricants, and exterior electrical equipment/supplies. Moreover, slower annual rates were noted in the prices of ten commodity groups. Annual adjustments in the prices of hardware, metal pipes, concrete products, and structural steel were however higher while movements in the prices of asphalt, blasting materials and machinery and equipment was zero. The rest of the commodity groups retained their previous month's rates.

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  Source:    National Statistics Office
                    Manila, Philippines
  
  Page last revised:   August 30, 2007