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Сost of construction materials continued decelerating

Сost of construction materials continued decelerating

18.05.2023

The cost of construction materials in April continued to decline for the third quarter in a row. According to data released by the Statistical Office of Cyprus ( Cystat ), the building materials price index for April 2023 reached 135.59 units (base year 2015 = 100), recording a decrease of 0.23% compared to the previous month.

Compared to the same month of the previous year, the index recorded an increase of 2.18%.

In the main commodity categories, growth was recorded in minerals (23.09%), mineral products (12.05%), electromechanical goods (3.12%) and wood, insulation, chemical and plastic products (2.73%).

On the contrary, in metal products there was a decrease of 9.82%.

Source and photo: www.stockwatch.com.cy, Editor estateofcyprus.com
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