Cyprus Index of Construction Materials in September recorded a small decrease marking its first annual reduction in almost three years, data released by the Cyprus Statistical Service (CyStat) show. The Price Index of Construction Materials for September 2023 reached 134.47 units (base year 2015=100), recording a decrease of 033% compared to the previous month. Compared to the same month of the previous year, the index recorded a marginal decrease of 0.06%. This was the first annual reduction since November 2020. By main commodity category, increases were recorded in minerals with 14.19%, mineral products with 6.51% and products of wood, insulation materials, chemicals and plastics rose by 0.75%. According to Cystat, metallic products declined by 9.30% and electromechanical products by 0.09%. For the period January-September 2023, the index recorded an increase of 3.88% compared to the corresponding period of 2022. The Price Index of Construction Materials shows the evolution of the cost of construction materials incurred by the contractor.
Source: Cyprus News Agency