The Price Index of Construction Materials recorded a significant annual increase of 13.6% in July, reaching 114.46 according to the Cyprus Statistical Service (CYSTAT).
Compared to July 2020, increases were noted in:
- Metallic products (+29.61%)
- Wood, insulation materials, chemicals and plastics (+12.30%)
- Electromechanical products (+10.38%)
- Minerals (+2.56%)
- Mineral products (+1.14%)
As we reported earlier this month, construction costs have skyrocketed, with the recent hike in the price of diesel further exacerbating the situation.
Press release: Price Index of Construction Materials: July 2021