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Construction materials’ prices ease

Published on 12 April 2013 [ manilatimes.net ]
Written by Mayvelin U. Caraballo Reporter
The annual increase in the retail prices of construction materials in Metro Manila eased to 3.8 percent in March, data from the National Statistics Office (NSO) showed on Friday.
According to construction materials retail price index (CMRPI), the March figure was lower compared to the 4.2 percent recorded in February.
“An annual decline of 1.8 percent was posted in miscellaneous construction materials index in March from 0.1 percent in February,” it said.
Moreover, the NSO data noted that a slowdown in the annual growth was recorded in the indices of electrical materials, 6.5 percent; masonry materials, 15.1 percent; painting materials and related compounds, 0.8 percent; and plumbing materials, 1.6 percent.
It added that higher annual changes were, however, registered in the carpentry materials and tin­smithry materials indices at 0.4 percent and 5.5 percent, respectively.
On the other hand, the NSO also said that the monthly adjustment in CMRPI in Metro Manila went up by 0.3 percent in March from -0.3 percent in February.
It explained that higher monthly increments were observed in the indices of the following commodity groups: carpentry materials and plumbing materials, 0.2 percent; electrical materials, 0.1 percent; and tinsmithry materials.
On the contrary, the data said that the index of masonry materials decreased by 0.8 percent; painting materials and related compounds, -0.2 percent; and miscellaneous construction materials, -0.3 percent.
“Price add-ons were noted in plywood, selected wires and wiring devices, faucet, corrugated GI sheet and aluminum sheet,” it stated. in March.
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