Construction has become more expensive mainly due to a 15.6% increase in employee salaries

In February 2025 the Construction Cost Index (CCI) increased by 1.7 percent compared to the previous month, while it increased by 4.9 percent compared to February 2024.

In detail:

• The residential segment index increased by 1.0 percent compared to the previous month and increased by 6.5 percent compared to the same month of the previous year;

• The non-residential segment index increased by 10.1 percent compared to the previous month and by 2.3 percent compared to the same month of the previous year;

• The civil segment index decreased by 0.3 percent compared to the previous month and increased by 4.1 percent compared to the same month of the previous year.

In February 2025 the Construction Cost Index (CCI) increased by 1.7 percent compared to the previous month. The change was mainly due to a 10.4 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 2.13 percentage points to the total index change.

Compared to February 2024 the CCI increased by 4.9 percent. The latter was largely caused by the 15.6 percent increase in average monthly nominal wages of employees in the construction sector and by the 3.0 percent increase in the prices of construction materials, which contributed 2.82 and 1.84 percentage points to the total index change, respectively. Along with this, the Construction Cost Index posted a 20.8 percent increase compared to February 2022.