August Construction Retail Prices up by 1.6 %

Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) has increased by 1.6 percent year-on-year in August 2016, data from Philippine Statistics Authority showed.

"Last month, the CMRPI posted 1.5 percent annual growth while in August 2015, it declined by 0.4 percent, " the PSA reported.

Higher annual increases were observed in the indices of electrical materials at 1.2 %; painting materials and related compounds, 1.5 %; and plumbing materials, 1.8.%.

Meanwhile, slower annual increases were recorded in the prices of carpentry materials at 1.8 percent; masonry materials, 3.2 percent; and miscellaneous construction materials, 2.2 percent. Annual movement of tinsmithry materials index also remained at 0.7 percent . See table below.



On month-on-month basis, the CMRPI in NCR rises 0.2 % in August 2016 after it posted a flat growth last month. The PSA attributed this to the 0.6 percent gain registered in electrical materials and plumbing materials indices and 0.2 percent in painting materials and related compounds index.

On the other hand, increases in miscellaneous construction materials index, decelerated to 0.2 percent. Moreover, the indices for carpentry materials and masonry materials dropped by 0.2 percent and 0.1 percent, respectively. That for tinsmithry materials index had a flat growth during the month  

Upward price adjustments were noted in electrical wires, safety switch, PVC pipe, sanitary fixtures and G.I. pipes. On the other hand, lower prices were seen in plywood, common wire nail, finishing nail, sand and glazed tiles.

Source: Philippine Statistics Authority