articles | 20 June 2022

Construction materials up by 21.81% in May 2022

The Price Index of Construction Materials went up by 21.81% in May 2022 compared to the corresponding month of 2021, and continued the upward trend that follows since January 2021.

According to a press release by the Statistical Service of Cyprus, the Price Index of Construction Materials for May 2022 reached 133.06 units (base year 2015=100), recording an increase of 0.28% compared to the previous month.

Compared to the same month of the previous year, the index recorded an increase of 21.81%.

By main commodity category, increases were recorded in metallic products (36.33%), products of wood, insulation materials, chemicals and plastics (21.23%), electromechanical products (14.08%), mineral products (10.24%) and minerals (9.27%).

Source: Knews

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