Construction Price Index, 4^th Quarter 2023

Highlig​hts

1. 1.   The Construction Price Index which stood at 133.0 in the third quarter of 2023 increased by 0.3% to reach 133.5 in the fourth quarter of 2023.
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3. 2.   During the fourth quarter of 2023, increases were noted in the “Hire of Plant" (1.2%) and “Materials" (0.4%) sub-indices.
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5. 3.    The increase of 0.4% in the “Materials" sub-index is explained by:
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7.        (i)   decreases in the prices of steel bars (-0.6%), tiles and granite (-2.4%) and plumbing (-1.5%), partly offset by an increase in the prices of premixed mortar (2.9%) in October 2023;
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9.       (ii)   increases in the prices of hardcore (remplissage) (1.1%), aggregate (0.4%), premixed concrete (1.1%) and premixed mortar (0.3%), partly offset by decreases in the prices of steel bars (-1.0%) and plumbing (-0.6%) in November 2023; and
10.       (iii)  decreases in the prices of steel bars (-0.8%), timber carpentry (-1.3%) and laminated flooring (-1.7%) in December 2023.
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    ​​22 January 2024

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