Annual Change +8.15%
The Construction Materials Price Index for March 2023 stood at 135.89 points (based on 2015=100), a marginal decrease of 0.15% compared to the previous month.
Compared to the same month last year, the index recorded an increase of 8.15%. By main product category, increases were recorded in minerals (24.45%), mineral products (15.53%), wood, insulating materials, chemicals and plastics (7.98%) and electrical machinery (7.08%). A marginal decrease was recorded in metal products (-0.82%).
Table
| Code | Product categories | Index March 2023 (2015=100) |
Percentage Change(%) |
[/TD]
[TR] [TD] [TD]
Mar 2023/ Feb 2023
[/TD] [TD]Mar 2023/ Mar 2022
[/TD] [TD]Jan-Mar 2023/ Jan-Mar 2022
[/TD] [/TD] [/TR] [TR] [TD]1
[/TD] [TD]Minerals
[/TD] [TD]133,74
[/TD] [TD]
0,00
[/TD] [TD]24,45
[/TD] [TD]25,93
[/TD] [/TR] [TR] [TD]11
[/TD] [TD]Inert minerals
[/TD] [TD]123.84
[/TD] [TD]0.00
[/TD] [TD]19.87
[/TD] [TD]19,87
[/TD] [/TR] [TR] [TD]12
[/TD] [TD]Short
[/TD] [TD]158.21
[/TD] [TD]0.00
[/TD] [TD]39.62
[/TD] [TD]43,04
[/TD] [/TR] [TR] [TD]13
[/TD] [TD]Stones
[/TD] [TD]111,74
[/TD] [TD]0,00
[/TD] [TD]7,87
[/TD] [TD]8,39
[/TD] [/TR] [TR] [TD]2
[/TD] [TD]Mineral Products
[/TD] [TD]123.05
[/TD] [TD]0,12
[/TD] [TD]15,53
[/TD] [TD]15,30
[/TD] [/TD] [/TR] [TR] [TD]21
[/TD] [TD]Mortar Products
[/TD] [TD]121,02
[/TD] [TD]0.16
[/TD] [TD]15.07
[/TD] [TD]14,26
[/TD] [/TR] [TR] [TD]22
[/TD] [TD]Ceramics
[/TD] [TD]129,54
[/TD] [TD]0,00
[/TD] [TD]16,92
[/TD] [TD]18,47
[/TD] [/TD] [/TR] [TR] [TD]
3
[/TD] [TD]Wood products, insulation, chemicals and plastics
[/TD] [/TD] [TD]132.89
[/TD] [TD]-0.08
[/TD] [TD]7.98
[/TD] [TD]9,44
[/TD] [/TD] [/TR] [TR] [TD]31
[/TD] [TD]Wood products
[/TD] [TD]133,84
[/TD] [TD]-0,06
[/TD] [TD]6,72
[/TD] [TD]8,14
[/TD] [/TR] [TR] [TD]32
[/TD] [TD]Insulating materials
[/TD] [TD]108,20
[/TD] [TD]-0,22
[/TD] [TD]7,17
[/TD] [TD]7,66
[/TD] [/TR] [TR] [TD]33
[/TD] [TD]Chemical products
[/TD] [TD]118.68
[/TD] [TD]0.00
[/TD] [TD]-0,55
[/TD] [TD]1,37
[/TD] [/TR] [TR] [TD]34
[/TD] [TD]Plastic articles
[/TD] [TD]156,63
[/TD] [TD]-0,12
[/TD] [TD]19,57
[/TD] [TD]21,12
[/TD] [/TR] [TR] [TD]
4
[/TD] [TD]
Metal products
[/TD] [TD]152,93
[/TD] [TD]
-0.60
[/TD] [TD]-0.82
[/TD] [TD]3,54
[/TD] [/TD] [/TR] [TR] [TD]41
[/TD] [TD]Iron and steel products
[/TD] [TD]158.78
[/TD] [TD]-1.00
[/TD] [TD]-8,20
[/TD] [TD]-2.38
[/TD] [/TD] [/TR] [TR] [TD]42
[/TD] [TD]Aluminium and other metal products
[/TD] [TD]145,37
[/TD] [TD]-0,02
[/TD] [TD]11,90
[/TD] [TD]13,42
[/TD] [/TR] [TR] [TD]5
[/TD] [TD]electromechanical e
[/TD] [TD]124,15
[/TD] [TD]0,45
[/TD] [TD]0,45
[/TD] [TD]7,08
[/TD] [/TD] [TD]
7,88
[/TD] [/TD] [/TR] [TR] [TD]51
[/TD] [TD]Electrical material
[/TD] [TD]152,20
[/TD] [TD]1,17
[/TD] [TD]9,63
[/TD] [TD]10,95
[/TD] [/TD] [/TR] [TR] [TD]52
[/TD] [TD]Heating and cooling equipment
[/TD] [/TD] [TD]92,59
[/TD] [TD]0,00
[/TD] [TD]3,11
[/TD] [TD]3,18
[/TD] [/TR] [TR] [TD]53
[/TD] [TD]Other electromechanical equipment
[/TD] [TD]123,74
[/TD] [TD]-0,06
[/TD] [TD]6,73
[/TD] [/TD] [TD]7.51
[/TD] [/TR] [TR] [TD][/TD] [TD]
General Index
[/TD] [TD]135,89
[/TD] [TD]-0.15
[/TD] [TD]8.15
[/TD] [TD]10,35
[/TD] [/TR]
[/TABLE]
Methodological Information
Definitions
The monthly Construction Materials Price Index shows the evolution of the cost of materials incurred by the contractor.
Data collection
To compile the index of prices of materials used in construction, the Statistical Office obtains prices (excluding VAT) from a sample of suppliers and a sample of materials with a reference date of the 15th of each month. Data are collected by telephone, email and fax.
Method of calculation
The price indices are based on 2015, i.e. they show the change in the price of a material in relation to the average price it had in 2015. In the base year, the average of the price indices over the twelve months is 100. For example, if the price index of a material for a given month is 101.57, this means that the price has increased by 1.57% compared to the average price in 2015.
To compile the overall material price index, the weighted average of the individual indices for the various materials is calculated. The weights used in the weighting reflect the share of each material in the total expenditure on construction materials and are derived from the value of imports and domestic production in the base year (2015).
The index published on the Statistical Office's web portal is for all construction projects. It is a component of the Construction Cost Index, which is sent and published by the Statistical Office of the European Union (Eurostat), in accordance with the provisions of Regulation (EU) 2019/2152 on European business statistics. The Construction Cost Index refers only to new dwellings.
For more information:
Statistical Service Portal, under Construction
CYSTAT-DB (Database)
Predefined Tables (Excel)
The Predefined Tables in Excel format include data up to December 2022. For January 2023 and thereafter, the update is done only in the CYSTAT-DB Database.
Contact
Evie Kalogirou Demetriou No. Tel. Address: ekalogirou@cystat.mof.gov.cy
(MB/EXP)
Contents of this article including associated images are belongs PIO
Views & opinions expressed are those of the author and/or PIO
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