The Construction Price Index, which stood at 114.2 as at September 2015, decreased by 0.4% or -0.4 point during the fourth quarter of 2015 to reach 113.8 in December 2015.
On a monthly basis, the overall index remained at the same level although a decrease of 0.1% was noted in October 2015. The index decreased by 0.1% in November 2015 and registered another drop of 0.2% in December 2015
The overall price index, which stood at 114.2 at the end of September 2015 remained at the same level in October 2015. Decreases were noted in the prices of steel bars (-1.2%) and sanitary installation (-0.4%); while increases were noted in the prices of ceramic tiles (+2.5%), timber carpentry (+0.2%) and metal openings (+0.2%) in October 2015. In November 2015, the index dropped to 114.0 as a result of decreases in the prices of steel bars (-1.2%) and timber carpentry (-0.3%), partly offset by an increase in the prices of sanitary installation (+0.2%). In December 2015, the index registered another drop following decreases of 1.7% in the prices of steel bars and 0.2% in the prices of metal openings.
As a consequence of the above changes, the “Materials” sub index decreased by 0.1% or 0.1 point in October 2015, 0.2% or 0.2 point in November 2015 and 0.2% or 0.3 point in December 2015.
During the fourth quarter of 2015 no change was registered in the “Labour”, ‘Hire of plant” and “Transport” sub-indices.
Subscribe to the monthly newsletter, to be informed of the latest news portal, and
new services added.