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On a monthly basis, PSA data showed that the CMWPI contracted 0.3 percent in July, a reversal of the 0.3-percent hike recorded in June.
PSA data showed that concrete products and cement posted the largest contraction of 1.8 percent in the CMWPI. This was followed by hardware, tiles, electrical works, and plumbing fixtures and accessories/waterworks.
Prices for the CMWPI and CMRPI are collected through personal interviews or actual price quotations from selected sample outlets in NCR.
The month-on-month change of CMWPI in NCR inched up by 0.02 percent in March 2019.
The CMWPI is a variant of the GWPI that measures the changes in the average wholesale prices of construction materials.
The CMWPI is used for the computation of price escalation of construction materials for various government projects.
The CMWPI is used to compute price changes in construction material prices for various government projects.
The CMWPI posted a growth of 6.7 percent in March, higher than the 6.3 percent in February and 3.8 percent in March 2017.
The CMWPI growth was the highest since March 2012 when it posted a growth of 5.2 percent.
The PSA, however, said that, in terms of the month-on-month growth, the CMWPI in Metro Manila saw a 0.1- percent decline in November, from 1.2 percent in October.
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