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Construction material prices up

ACCORDING to figures released by the Cyprus Statistical Service, CYSTAT, the price of construction materials during the 12 months ending May 2008 increased by 12.25%. The highest increase was recorded in petroleum products, where prices soared by a massive 37.65%. Increases in other commodities prices were: Wood 2.92% Stone and quarrying materials 9.45% Paints, enamels […]

ACCORDING to figures released by the Cyprus Statistical Service, CYSTAT, the price of construction materials during the 12 months ending May 2008 increased by 12.25%. The highest increase was recorded in petroleum products, where prices soared by a massive 37.65%.

Increases in other commodities prices were:

Wood 2.92%

Stone and quarrying materials 9.45%

Paints, enamels and varnishes 3.06%

Plastic products 2.78%

Chemical products 4.48%

Wooden products, blinds and shades 7.29%

Non-metallic products 8.10%

Iron and steel 16.96%

Other metals (copper pipes) 3.00%

Metallurgy products 8.34%

Industrial appliances -0.56%

Electrical goods for installation 3.10%

Sanitary ware, central heating and swimming pool equipment 1.60%

The Price Index of Construction Materials for May 2008 reached 155.26 units (base year 2000=100.00) recording an increase of 1.89% over the previous month.

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