Table A. Year-on-Year Growth Rates of the CMWPI in NCR, All Items
*Year-on-year change of average CMWPI for January to December, 2022 vs. 2021
Source: Survey of Wholesale Prices of Selected Construction Materials for the Generation of CMWPI
Philippine Statistics Authority
The year-on year increase of CMWPI in NCR slowed down further to 10.3 percent in December 2022. Higher annual growth rate was posted in November 2022 at 10.4 percent. Its annual increment in December 2021 was recorded at 5.2 percent. (Tables A and 2)
The lower annual growth in CMWPI was primarily brought about by the downtrend in the heavily-weighted index of reinforcing and structural steel at 12.3 percent during the month, from 12.7 percent in November 2022.
Moreover, compared with their annual rates in the previous month, slower annual increments were posted in the indices of the following commodity groups in December 2022:
CMWPI in NCR continued to pick up at a slower annual pace in December 2022
a. Hardware, 7.6 percent;
b. Plywood, 5.8 percent;
c. Plumbing fixtures and accessories/waterworks, 5.9 percent; and
d. Fuels and lubricant, 8.6 percent.
a. Sand and gravel, 8.0 percent;
b. Lumber, 7.8 percent;
c. G.I. sheet, 17.1 percent;
d. Electrical works, 8.1 percent; and
e. Painting works, 12.0 percent.
See more at the Construction Materials Wholesale Price Index Main page