Prices of construction materials in the National Capital region in 2015 edged down by an average of 0.7 percent from the previous year, data from the Philippine Statistics Authority (PSA) showed.
The PSA said it was a reversal from 2014, when the Construction Materials Wholesale Price Index’s (CMWPI) annual average rate in the NCR went up by 1.9 percent.
The CMWPI measures the shifts in prices at which wholesalers market their products
Fuels and lubricants registered the highest annual decline among commodity groups, sliding further by 16.5 percent in 2015, from a one-percent decrease in 2014.
Cement was next, as it got cheaper by 0.2 percent in 2015 from 2014 levels. In 2014, cement index prices went up 3.6 percent from 2013 levels.
On the other hand, higher annual average growths were recorded in the indices of plywood at 4 percent, asphalt at 0.6 percent, and a huge jump in machinery and equipment rental at 36.9 percent.
“Other commodity groups exhibited slower annual average increments during the year,” the PSA said.
Month-on-month, change in wholesale prices of selected construction materials in the NCR fell 0.5 percent in December from November 2015.
This was more favorable to homebuilders than in the previous year, when selected construction materials prices edged up 0.2 percent in December from November 2014.
Overall, though, the CMWPI edged up by 0.2 percent in December 2015 from the previous month.
“Except for fuels and lubricants index, which recorded 4.3 percent decline during the month, all other commodity groups had flat growths,” the PSA noted. “Prices of gasoline, diesel and fuel oil were generally lower during the month.”
But year-on-year, the CMWPI in the NCR inched up 0.1 percent in December 2015 from December 2014.
“Except for the indices of cement, reinforcing steel, and fuel and lubricants, all the commodity groups posted positive annual growths,” the PSA said.
“Glass and glass products index continued to register flat growth for three consecutive months.”