Construction material prices rise marginally in October

07:55 - 19 November 2024

Economy Reporter

The index of construction materials in October showed a marginal increase interrupting an annual reduction of eight consecutive months, according to data released by CySTAT.

The Price Index of Construction Materials shows the evolution of the cost of construction materials incurred by the contractor, thereby affecting the general prices and the activity in the field of constructions.

The Price Index of Construction Materials for October 2024 reached 117.18 units (base year 2021=100), recording a decrease of 0.08% compared to the previous month.

Compared to the same month of the previous year, the index recorded an increase of 0.13%.

By main commodity category, increases were recorded in electromechanical products with 3.63%, products of wood, insulation materials, chemicals and plastics with 1.17% and mineral products with 0.45%, whereas decreases were observed in metallic products with 2.12% and minerals with 0.02%.

For the period January-October 2024, the index recorded a decrease of 1.01% compared to the corresponding period of 2023, CySTAT added.

(Source: CNA)

Construction material prices rise marginally in October

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