Construction Price Index - 3rd Quarter 2022
Highlights
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1. The Construction Price Index which stood at 129.8 in the second quarter of 2022 increased by 1.4% to reach 131.6 in the third quarter of 2022. The monthly changes were as follows: July (0.4%), August (0.8%) and September (-0.1%).
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2. During the third quarter of 2022, increases were noted in the following sub-indices: “Hire of Plant" (2.4%), “Materials" (1.1%) and “Transport" (17.4%).
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3. The increase of 1.1% in the “Materials" sub-index was mainly due to:
(i) increases in the prices of cement (0.2%), aggregate (0.7%), timber joinery (0.6%) and plumbing (1.6%), partly offset by a decrease in the prices of steel bars (-0.9%) in July 2022;
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(ii) increases in the prices of cement (0.2%), premixed concrete (2.2%), timber carpentry (1.3%), timber joinery (0.8%), tiles and granite (3.1%), paint (5.5%), laminated flooring (11.6%) and plumbing (0.7%), partly offset by a decrease in the prices of steel bars (-1.6%) in August 2022; and
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(iii) increase in the prices of premixed mortar (1.7%), offset by decreases in the prices of steel bars (-2.2%) and timber carpentry (-1.2%) in September 2022.
21 October 2022
