Economy category powered by

Construction materials prices up 8.15% in March y-o-y, slight monthly drop

15:44 - 21 April 2023

Economy

Construction materials prices were up by 8.15% on an annual basis this March but recorded a slight drop compared to the previous month, data released by the Cyprus Statistical Service.

More specifically, the Price Index of Construction Materials for March 2023 reached 135.89 units (base year 2015=100), recording an increase of 8.15%, compared to March 2022.

According to the official data, by main commodity category, a 24.45% increase was recorded in minerals, 15.53% in mineral products, 7.98% in products of wood, insulation materials, chemicals and plastics and 7.08% in electromechanical products. Α slight decrease of 0.82% was recorded in metallic products.

Compared to February 2023 a marginal decrease of 0.15% was recorded.

(Source: CNA)

News Feed

Read More

The essential ingredients for Cyprus’ future as an international business and financial hub
Tourist arrivals up 7.5% in Q1, down 0.8% in March
Cyprus-Germany Business Association holds networking event in Nicosia
Makis Keravnos urges structured dialogue between EU-USA on tariffs
New era at CIBA with Vassilios Demetriades at the helm
Cabinet approves bills for national unit to implement economic sanctions
Second-placed Cyprus among the EU members transporting most freight by sea in 2023
The profiles, HQs, assets under management and more of Plug and Play Tech Center and Tenstorrent
Invest Cyprus joined President Christodoulides on roadshow to strengthen US–Cyprus strategic ties
How to develop the Cypriot economy through the eyes of businesses... Their demands and proposals