Construction Price Index - 3rd Quarter 2024
Highlights
- 1. The Construction Price Index which stood at 137.3 in the second quarter of 2024 increased by 3.0% to reach 141.4 in the third quarter of 2024.
2. During the third quarter of 2024, increases were noted in the following sub-indices: “Labour" (11.5%), “Hire of Plant" (3.2%) and “Materials" (0.5%).
3. The increase of 0.5% in the “Materials" sub-index is explained by:
- (i) increases in prices of aggregate (1.1%), block (1.1%), premixed mortar (1.4%), steel bars (0.5%) and timber carpentry (4.7%), partly offset by decreases in the prices of hardcore (remplissage) (-1.2%) and electrical installation (-1.3%) in July 2024;
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- (ii) increases in the prices of premixed mortar (1.3%) and plumbing (1.4%), partly offset by a decrease in the prices of tiles and granite (-1.1%) in August 2024; and
- (iii) increases in the prices of steel bars (0.2%) and tiles and granite (0.1%), offset by a decrease in the prices of cement (-0.1%) in September 2024.
21 October 2024
