GeoStat: Georgia’s construction cost index up 3.9 per cent year-on-year in June

According to data from the National Statistics Office of Georgia (GeoStat), the Construction Cost Index (CCI) increased by 0.9 per cent in June 2026 compared to the previous month. It rose by 3.9 per cent compared to the corresponding month of the previous year.

Among the sub-sectors: the residential sector index grew by 2.6 per cent month-on-month and rose by 3.5 per cent year-on-year; the non-residential sector index rose by 0.6 per cent month-on-month, but decreased by 0.1 per cent year-on-year; the civil engineering sector index fell by 0.5 per cent month-on-month, but surged by 5.8 per cent compared to the corresponding month of last year.

According to GeoStat, the 0.9 per cent month-on-month increase in the Construction Cost Index in June 2026 was mainly driven by a 5.4 per cent rise in the average monthly nominal wage of hired employees in the construction sector, which contributed 1.01 percentage points to the change in the total index.

“Compared to the corresponding month of the previous year, the Construction Cost Index increased by 3.9 per cent. The growth in the index was largely driven by a 16.6 per cent increase in transport, fuel, and electricity costs in the construction sector, as well as a 1.8 per cent rise in the average monthly nominal wage of hired employees, contributing 1.9 and 1.01 percentage points to the total index change, respectively. Furthermore, compared to February 2022, the Construction Cost Index has risen by 29.3 per cent,” GeoStat noted in its released report.