Construction materials wholesale prices up 0.8%

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WHOLESALE prices of construction materials in the National Capital Region edged higher in January by 0.8 from a year ago, the Philippine Statistics Authority (PSA) reported Wednesday.

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PSA said the Construction Materials Wholesale Price Index (CMWPI) for the month of January swung from a 1.1 percent decrease in the same period last year.

Most commodity groups, the government agency said, posted wholesale price increases in January this year.

Higher annual prices were observed in the indices of sand and gravel at 3.4 percent; plywood, 2.5 percent; plumbing fixture and accessories, 4.9 percent; cement, 0.6 percent; and reinforcing steel, 3.4 percent.

Some indices also increased, but at a slower pace. These were: hardware, 1.4 percent; tile works, 0.3 percent; and door, jambs, and steel casement, 0.4 percent.

Meanwhile, decreases in some commodity groups were observed in some items.

G.I. sheet index fell 2.4 percent; structural steel index, -3.3 percent; painting works, -0.4 percent; PVC pipes, -0.2 percent; and fuels and lubricants, -6.2 percent.

“The rest of the commodity groups posted zero growth with the index of concrete products retaining its last month’s rate of 1.9 percent,” PSA said.

But on a monthly basis, PSA said the CMWPI registered zero percentage growth, compared with a 0.5-percent decline posted in December.

PSA said this was due to the mixed movements of the commodity groups.

“Higher prices were seen in sand, gravel, cement, steel bars, and some plumbing fixtures,” the agency reported. “On the contrary, gasoline, diesel, fuel oil, G.I. sheets, flat bars, steel plates, and PVC pipes were priced lower during the month.”

Increases were observed in the indices of sand and gravel, 1.5 percent; cement, 0.2 percent; plywood, 0.3 percent; reinforcing steel, 4.1 percent; electrical works, 0.9 percent; and plumbing fixtures and accessories, 1.4 percent.

In contrast, several indices posted declines during the period: hardware, -0.5 percent; lumber, -0.6 percent; G.I. sheets -2.7 percent; structural steel, -3.6 percent; tile works, -0.6 percent; painting works, -0.8 percent; and PVC pipes, -1.4 percent.

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