1. The Construction Price Index, which stood at 108.6 as at June 2012, increased by 0.2% or 0.2 point during the third quarter of 2012 to reach 108.8 in September 2012.
2. On a monthly basis, the index increased by 0.1% in July, remained unchanged in August and registered an increase of 0.1% in September 2012.
3. The 0.1% increase in July was mostly due to increases of 0.9% in the prices of aluminium openings, 0.3% in timber carpentry, and 0.6% in the rates for hire of formwork for decorative columns. In August 2012, the index remained unchanged as a result of a slight increase in the prices of steel bars and timber joinery being offset by a decrease of 0.5% in the prices of timber carpentry. In September 2012, the index registered an increase of 0.1% mainly due to higher prices of paint (2.6%) and timber carpentry (0.9%), partly offset by a decrease of 0.1% in the prices of steel bars.
4. As a consequence of the above changes the “Materials”, sub-index increased by 0.1% or 0.1 point in July 2012, remained unchanged in August 2012 and increased by 0.1% or 0.1 point in September 2012.
5. The “Hire of Plant” sub-index increased by 0.6% from 102.7 in June 2012 to 103.4 in July 2012 and remained unchanged in August and September 2012.
6. During the third quarter of 2012 no change was registered in the Labour and Transport sub-indices.