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Prices in construction rose 11.3% in 2022 y-o-y

08:12 - 07 April 2023

Economy Reporter

Prices in Construction recorded a significant annual increase of 11.3% in 2022, with CyStat data showing that there was an 11.8% increase in the buildings index and 9.6% rise in index for civil engineering projects compared with 2021.

The Output Prices Index in Construction for the fourth quarter of 2022 was 134.71 units (base year 2015=100.00), recording an increase of 4.0% over the third quarter of 2022 and 11.1% increase compared to the same quarter of the previous year.

By type of project, an increase of 9.1% was observed for buildings and of 18.1% for civil engineering projects in the fourth quarter of 2022 compared to the corresponding quarter of 2021.

For the period January-December 2022, the overall index registered an increase of 11.3% over the corresponding period of 2021.

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