Construction Price Index for 4th Quarter 2022

The Construction Price index which stood at 123.3 in January 2022 maintained an increasing trend up to August 2022 reaching 132.0. In September 2022, the index registered a slight drop to reach 131.9 and thereafter maintained a decreasing trend reaching 130.8 in December 2022.

The Construction Price Index, which stood at 131.9 at the end of September 2022, decreased by 0.5% to reach 131.3 in October 2022. The decrease is mainly due to contractions in the prices of steel bars (-2.0%) and aluminium openings (-6.0%), partly offset by increases in the prices of hardcore (remplissage) (4.7%), aggregate (6.4%) and block (10.1%).

The index further decreased by 0.1% in November 2022 reaching 131.2. The 0.1% decrease is mainly due to a decrease in the prices of steel bars (-2.0%), partly offset by an increase in the prices of timber joinery (2.4%). In December 2022, the index contracted by 0.3% to reach 130.8, as a result of decreases in the prices of steel bars (-3.8%) and plumbing (-1.9%), partly offset by increases in the prices of timber carpentry (1.3%) and timber joinery (1.6%).
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