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Annual Change +0.08%
The Construction Materials Price Index for November 2023 stood at 134.04 points (based on 2015=100), a decrease of 0.19% compared to the previous month.
Compared to the same month last year, the index recorded an increase of 0.08%. By main product category, increases were recorded in minerals (13.72%), mineral products (5.47%), wood, insulation, chemical and plastic products (0.50%) and electromechanical products (0.39%). A decrease was observed in metal products (-8.34%).
For the period January-November 2023, the index recorded an increase of 3.13% compared to the corresponding period of 2022.
| Table | |||
| Code |
[TD]
Product Categories
[/TD] [TD]Index November
2023
(2015=100)
[/TD] [TD]Percentage Change
(%)
[/TD][TR] [TD]
Nov 2023/
Oct 2023
[/TD] [TD]Nov 2023
Nov 2022
[/TD] [TD]Jan-Nov 2023 /
Jan-Nov 2022
[/TD] [/TD] [/TR] [TR] [TD]1
[/TD] [TD]Minerals
[/TD] [TD]134,85
[/TD] [TD]-0.24
[/TD] [TD]13.72
[/TD] [TD]18,95
[/TD] [/TR] [TR] [TD]11
[/TD] [TD]Inert minerals
[/TD] [TD]124.04
[/TD] [TD]0.00
[/TD] [TD]4,97
[/TD] [TD]12.28
[/TD] [/TR] [TR] [TD]12
[/TD] [TD]Short
[/TD] [TD]160.60
[/TD] [TD]-0,49
[/TD] [TD]29.01
[/TD] [TD]34.18
[/TD] [/TD] [/TR] [TR] [TD]13
[/TD] [TD]Stones
[/TD] [TD]112,00
[/TD] [TD]0,00
[/TD] [TD]0,23
[/TD] [TD]3,87
[/TD] [/TR] [TR] [TD]
2
[/TD] [TD]
Mineral products
[/TD] [TD]123,48
[/TD] [TD]0.02
[/TD] [TD]5,47
[/TD] [TD]9,73
[/TD] [/TD] [/TR] [TR] [TD]21
[/TD] [TD]Powder Products
[/TD] [TD]121.59
[/TD] [TD]0.03
[/TD] [TD]7,69
[/TD] [TD]10,94
[/TD] [/TR] [TR] [TD]22
[/TD] [TD]Ceramics
[/TD] [TD]129,54
[/TD] [TD]0,00
[/TD] [TD]-0,67
[/TD] [TD]6,25
[/TD] [/TD] [/TR] [TR] [TD]
3
[/TD] [TD]Wood products, insulation, chemicals
and plastics
[/TD] [TD]133.73
[/TD] [TD]-0,13
[/TD] [TD]0,50
[/TD] [TD]
3,79
[/TD] [/TD] [/TR] [TR] [TD]31
[/TD] [TD]Wood products
[/TD] [TD]135,59
[/TD] [TD]0,00
[/TD] [TD]0,91
[/TD] [TD]3,55
[/TD] [/TR] [TR] [TD]32
[/TD] [TD]Insulating materials
[/TD] [TD]107,46
[/TD] [TD]0,05
[/TD] [TD]0,36
[/TD] [TD]3,26
[/TD] [/TR] [TR] [TD]33
[/TD] [TD]Chemical products
[/TD] [TD]118,50
[/TD] [TD]-0.25
[/TD] [TD]-0.05
[/TD] [TD]0.28
[/TD] [/TR] [TR] [TD]34
[/TD] [TD]Plastic articles
[/TD] [TD]156,17
[/TD] [TD]-0.49
[/TD] [TD]-0.27
[/TD] [TD]7.28
[/TD] [/TR] [TR] [TD]
4
[/TD] [TD]
Metal products
[/TD] [TD]145,11
[/TD] [TD]
-0,50
[/TD] [TD]
-8,34
[/TD] [TD]
-6,23
[/TD] [/TD] [/TR] [TR] [TD]41
[/TD] [TD]Iron and steel products
[/TD] [TD]147,55
[/TD] [TD]-0.94
[/TD] [TD]-12.90
[/TD] [TD]-11,76
[/TD] [/TR] [TR] [TD]42
[/TD] [TD]Aluminium and other metal products
[/TD] [TD]141.96
[/TD] [TD]0.09
[/TD] [TD]-1,40
[/TD] [TD]2,83
[/TD] [/TR] [TR] [TD]
5
[/TD] [TD]electroengineeringe
[/TD] [TD]123,59
[/TD] [TD]0,36
[/TD] [TD]0,39
[/TD] [TD]2,92
[/TD] [/TD] [/TR] [TR] [TD]51
[/TD] [TD]Electrical Hardware
[/TD] [TD]153.10
[/TD] [TD]0.71
[/TD] [TD]2.20
[/TD] [TD]5,19
[/TD] [/TR] [TR] [TD]52
[/TD] [TD]Heating and cooling equipment
[/TD] [TD]87,69
[/TD] [TD]0,00
[/TD] [TD]-4,35
[/TD] [TD]-1,91
[/TD] [/TR] [TR] [TD]53
[/TD] [TD]Other electromechanical equipment
[/TD] [TD]125,28
[/TD] [TD]0,17
[/TD] [TD]1,17
[/TD] [TD]3,32
[/TD] [/TR] [TR] [TD][/TD] [TD]
General Index
[/TD] [TD]134,04
[/TD] [/TD] [TD]-0.19
[/TD] [TD]0.08
[/TD] [TD]3,13
[/TD] [/TR] [/TR]
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
Price indices are based on 2015, i.e. they show the change in the price of a material compared to its average price 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 relates only to new dwellings.
For more information, interested parties can visit the Portal of the Statistical Office, under Construction, CYSTAT-DB (Database), Predefined Tables (Excel) or contact Mrs. Evi Kalogirou Demetriou: no. tel: +357 22 602168, e-mail: ekalogirou@cystat.mof.gov.cy.
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.
(MS/AF)
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