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.
During the fourth quarter of 2023, increases were noted in the “Hire of Plant » (1.2%) and “Materials » (0.4%) sub-indices.
The increase of 0.4% in the “Materials » sub-index is explained by:
(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;
(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
(iii) decreases in the prices of steel bars (-0.8%), timber carpentry (-1.3%) and laminated flooring (-1.7%) in December 2023.
https://www.maurice-info.mu/wp-content/uploads/2024/01/CoPI_4Qtr23_220124.pdf
