Construction Price Index, 2^nd Quarter 2023

Highl​ights

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1. 1. The Construction Price Index which stood at 132.6 in the first quarter of 2023 increased by 0.2% to reach 132.9 in the second quarter of 2023.
   
   2. During the second quarter of 2023, increases were noted in the “Hire of Plant" (0.3%) and “Materials" (0.3%) sub-indices.
2. 
   3. The increase of 0.3% in the “Materials" sub-index was mainly due to:
3. 
    (i) increases in the prices of hardcore (3.3%), aggregate (3.2%), premixed mortar (1.2%) and tiles and granite (0.8%), partly offset by decreases in the prices of cement (-0.3%), steel bars (-0.4%) and timber carpentry (-4.7%) in April 2023;
4. 
    (ii) increase in the prices of premixed mortar (0.6%), almost offset by a decrease in the prices of timber carpentry (-0.8%) in May 2023; and
5. 
    (iii) decreases in the prices of steel bars (-0.5%) and timber carpentry (-3.9%), partly offset by increases in the prices of cement (0.4%) and tiles and granite (1.2%) in June 2023.

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​​21 July 2023

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