GeoStat: Construction Cost Index up by 2.6 percent in February
GeoStat: Construction Cost Index up by 2.6 percent in February
13:09, 05.04.2024

In February 2024, the Construction Cost Index (CCI) increased by 2.6 percent compared to the previous month.

According to the National Statistics Service (GeoStat), the change was mainly due to a 16.7 percent increase in the average monthly nominal wages of employees in the construction sector, which contributed 2.84 percentage points to the total index change.

Compared to February 2023 the CCI increased by 9.9 percent. The latter was largely caused by the 46.8 percent increase in average monthly nominal wages of employees in the construction sector and by the 2.5 percent increase in the prices of construction materials, which contributed 8.4 and 1.44 percentage points to the total index change, respectively.

Along with this, the Construction Cost Index posted a 15.1 percent increase compared to February 2022.





Economics
CCI
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