Wholesale and retail prices of construction materials in the National Capital Region (NCR) rose in September, driven by increments in most indices, data from the Philippine Statistics Authority showed on Thursday.
The September Construction Materials Wholesale Price Index (CMWPI) posted an annual increase of 1.7 percent and the Construction Materials Retail Price Index (CMRPI) of 2.0 percent.
This was driven by the rise in retail prices in all indices, which were led by miscellaneous construction materials, at 7.6 percent, and plumbing materials at 2.6 percent.
The annual gain in carpentry materials index decelerated to 1.7 percent; electrical materials index, 1.3 percent; masonry materials index, 3 percent; painting materials and related compounds index, 1.4 percent; and tinsmithry materials index, 0.6 percent, the PSA said in a statement.
In contrast, annual growth in the wholesale price index gained pace on annual increases in most indices, led by steel at 7.4 percent and cement at 2.9 percent.
Similarly, a number of indices in the CMRPI registered growth but at a slower pace in September. Of these, sand and gravel at 3.3 percent; concrete products, 2.1 percent; hardware and electrical works, both at 0.6 percent; and plumbing fixtures and accessories/waterworks, 1.2 percent.
However, annual declines were seen in the indices of lumber, at -0.5 percent; G.I. sheet, -2.7 percent; structural steel, -3.8 percent; tileworks, -1.1 percent; doors, jambs and steel casement, -1.6 percent; and painting works, -0.4 percent.
“The rest of the commodity groups recorded flat growth, with the indices for plywood and PVC pipes retaining their previous month’s rates of 0.8 percent and 0.2 percent, respectively,” the PSA said.
Meanwhile, on a monthly basis, only the wholesale prices index saw a rise in the month of September at 0.1 percent, while the retail price index declined by a mere 0.1 percent.
The increase in the wholesale price index was led by the gains in the indices of fuels and lubricants at 0.6 percent and sand and gravel at 0.1 percent.
Also, slower-paced growth was registered in the cement index at 0.1 percent, while the remaining commodity groups recorded flat growth during the month.
“Prices of gasoline, diesel and gravel were higher during the month,” PSA said.
Moreover, the decline in the retail price index was mainly attributed to the drop in the index of thinsmithry materials by 0.4 percent.
Similarly, declines were posted in the indices of carpentry materials and masonry materials at -0.2 percent and painting materials and related compounds at 0.1 percent.
On the other hand, slower-paced increases were recorded in the indices of plumbing materials and miscellaneous construction materials at 0.4 percent and 0.1 percent, respectively, while the electrical materials index posted flat growth during the month.
“Price reductions were observed in plywood, common wire nails, sand, gravel, hollow blocks, paints and G.I. sheets. On the contrary, higher prices were noted in sanitary fixtures and steel bars,” the PSA concluded.