Construction Cost Index up 8.2 % in Q2

Construction Cost Index up 8.2 % in Q2

access_time2021-09-23 15:36:08

In the second quarter of 2021 the Construction Cost Index (CCI) increased by 8.2 percent compared to the previous quarter.

The change was mainly due to a 20.6 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 5.15 percentage points to the total index change.

Compared to the second quarter of 2020 the CCI increased by 16.8 percent. The latter was largely caused by the 17.2 percent increase in the prices for construction materials, which contributed 10.08 percentage points to the annual index change.



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