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Next Previous New rise in construction costs HOME • INSIDER • CYPRUS • New rise in construction costs
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The Construction Materials Price Index showed a new increase in February, with construction costs following an upward trend since November 2020.
According to data released by the Statistical Service, the Construction Index Materials in February amounted to 122.92 points (based on 2015 = 100), recording an increase of 1.44% compared to the previous month, while compared to the corresponding month of the previous year, the index recorded an increase of 17, 39%.
By main product category, increases were recorded in metal products (27.15%), in wood products, insulation, chemicals and plastics (19.88%), in electromechanical items (15, 82%), in mineral products (7.20%) and minerals (5.88%).
In terms of individual products, the largest increases on an annual basis were presented by iron products and steel with 31.31%, followed by electrical material with 24.63% and wood products with 23.80%.
The monthly Index Construction Materials Prices record the evolution of the materials costs incurred by the contractor.
