Construction Price Index - 2nd Quarter 2020
Highlights
1. The Construction Price Index which stood at 104.2 in the first quarter of 2020 increased by 1.1% to reach 105.4 in the second quarter of 2020.
2. During the second quarter of 2020, increases were noted in the "Hire of plant" (1.2%) and "Materials" (1.4%) sub-indices.
3. The increase of 1.2% in the "Hire of plant" sub-index is due to higher rates for the hire of machinery.
4. The increase of 1.4% in the "Materials" sub-index were due mainly to increases in the prices of:
- i. timber joinery in May (0.3%);
ii. tiles and granite in May (0.3%) and June (1.2%);
iii. electrical installations in June (1.8%);
iv. steel bars in June (1.4%);
v. premixed mortar in June (1.1%);
vi. sanitary installations in June (0.8%); and
vii. timber carpentry in June (0.3%).
July 2020
