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Construction Price Index, 2
1. The Construction Price Index which stood at 125.2 in the first quarter of 2022 increased by 3.7% to reach 129.8 in the second quarter of 2022. The monthly increases were as follows: April (0.9%), May (1.1%) and June (0.2%).
2. During the second quarter of 2022, increases were noted in the following sub-indices: “Hire of Plant" (2.0%), “Materials" (4.5%) and “Transport" (17.0%).
3. The increase of 4.5% in the “Materials" sub-index was mainly due to:
(i) increases in the prices of premixed concrete (0.2%), premixed mortar (0.3%), steel bars (5.7%), tiles and granite (0.6%), paint (2.2%), plumbing (7.6%) and electrical installation (1.1%) in April 2022;
ncreases in the prices of premixed mortar (2.6%), steel bars (1.2%), timber carpentry (7.1%), tiles and granite (0.6%), paint (0.6%), plumbing (1.2%) and electrical installation (1.3%) in May 2022; and
(iii) increases in the prices of aggregate (0.5%), premixed concrete (1.4%), premixed mortar (0.4%), timber joinery (1.2%) and plumbing (0.5%) in June 2022.
22 July 2022