Construction materials prices up by 5.78% in first half of 2023

14:22 - 18 July 2023

Economy Reporter

An annual increase of 5.78% was recorded in the Price Index of Construction Materials for the period January-June 2023, compared to the same period in 2022, according to data published by CySTAT.

The Price Index of Construction Materials for June 2023 reached 135.28 units (base year 2015=100).

The highest increases in the period were recorded in minerals with 23.13%, mineral products with 12.93%, products of wood, insulation materials, chemical and plastics with 5.96% and electromechanical products with 5.01%. A decrease of 3.67% was recorded in metal products.

Compared to the same month of the previous year, the index recorded an increase of 0.67%. By main commodity category, increases were recorded in minerals (15.85%), mineral products (8.20%), products of wood, insulation materials, chemicals and plastics (2.61%) and electromechanical products (1.10%). Α decrease of 9.86% was recorded in metallic products.

In June the index recorded a drop of 0.17% compared to the previous month.

(Source: CNA)

Construction materials prices up by 5.78% in first half of 2023

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