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18-10-2023 13:00 |
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The Price Index of Construction
Materials for September 2023 reached 134,47 units (base year 2015=100),
recording a decrease of 0,33% compared to the previous month. Compared to the same month of
the previous year, the index recorded a marginal decrease of 0,06%. By main
commodity category, increases were recorded in minerals (14,19%), mineral
products (6,51%) and products of wood, insulation materials, chemicals and
plastics (0,75%). Α decrease was recorded in metallic products (-9,30%) and
electromechanical products (-0,09%). For the period
January-September 2023, the index recorded an increase of 3,88% compared to
the corresponding period of 2022. 
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. 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
web site 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 visit the
CYSTAT Portal, subtheme Construction, CYSTAT-DB (Online Database), Predefined Tables (Excel) or contact Ms Evi Kalogirou
Demetriou at telephone 22602168 or via email at ekalogirou@cystat.mof.gov.cy. The Predefined Tables,
available in Excel format, include data up to December 2022. Data from
January 2023 onwards are available only in the CYSTAT-DB Online Database. (AP/ECHR) |
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