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18-04-2022 13:02

Price Index of Construction Materials: March 2022

Annual Change +19,08%

The Price Index of Construction Materials for March 2022 reached 125,65 units (base year 2015=100), recording an increase of 2,22% compared to the previous month.

Compared to the same month of the previous year, the index recorded an increase of 19,08%. By main commodity category, increases were recorded in metallic products (31,60%), products of wood, insulation materials, chemicals and plastics (20,87%), electromechanical products (14,79%), minerals (7,38%) and mineral products (6,68%).

 

 

Table

 

Code

Commodity category

Index

March 2022

(2015=100)

PercentageChange

 (%)

Mar2022 /

Feb 2022

Mar 2022 /

Mar2021

Jan-Mar 2022 / Jan-Mar 2021

1

Minerals

107,47

1,44

7,38

6,19

11

Mineral aggregates

103,32

0,00

5,44

5,58

12

Cements

113,31

2,84

11,95

9,38

13

Stones

103,59

0,73

3,25

2,76

2

Mineral products

106,51

0,26

6,68

6,74

21

Cement products

105,17

0,23

5,71

5,56

22

Ceramics

110,79

0,35

9,71

10,53

3

Products of wood, insulation materials, chemicals and plastics 

123,06

1,66

20,87

20,21

31

Products of wood

125,42

1,58

25,31

24,11

32

Insulation materials

100,96

0,48

7,34

8,50

33

Chemical products

119,33

2,91

13,79

11,65

34

Plastic products

130,99

1,47

19,59

21,04

4

Metallic products

154,19

4,20

31,60

28,30

41

Iron and steel products

172,96

6,61

38,99

34,24

42

Products from aluminium and other metals

129,91

0,31

20,57

19,50

5

Electromechanical products

115,95

1,18

14,79

14,79

51

Electrical fixtures

138,83

3,00

21,72

23,64

52

Heating and cooling equipment

89,79

0,00

2,81

1,43

53

Other electromechanical products

115,93

0,00

15,90

15,33

 

General Index

125,65

2,22

19,08

17,68

 

 

 

 

 

 

 

 

METHODOLOGICAL INFORMATION

Definitions

The Price Index of Construction Materials shows the evolution of the cost of construction materials incurred by the contractor.

Collection of data

Prices of materials used in construction are collected on a monthly basis based on a sample of products and suppliers. The reference date for the prices collected is the 15th each month. Prices are valued excluding VAT. The data collection is carried out by telephone, fax or e-mail. Prices of materials are based on actual prices rather than list prices.

Compilation method

The price indices are based on the year 2015, meaning that they show the evolution of the price of a certain material in relation to its average price in 2015. In the base year, the average of the price indices for the twelve months is 100. For example, a price index of 101,57 for a material in a certain month implies that the price has gone up by 1,57% in relation to its average price of 2015.

The aggregated price index of materials is a weighted average of the price indices of the various materials in the sample. The weights used reflect the share of each material to the total expenditure for construction materials incurred by the contractors and are derived from the value of imports and local production for that material in the base year (2015).

The index disseminated on the website of the Statistical Service covers all types of construction works. It forms a component of the Construction Costs Index, which is transmitted to and published by the Statistical Office of the European Union (Eurostat) in accordance to the provisions of Regulation (EU) 2019/2152 on European business statistics. The Construction Costs Index is limited to new residential buildings, excluding residencies for communities.

 

For more information:

CYSTAT Portal, subtheme Construction

Predefined Tables (Excel)

Contact
Evi Kalogirou Demetriou

Tel.:+357 22 602168

Fax:+357 22 605026

Email: ekalogirou@cystat.mof.gov.cy

(MG/ECHR)