Construction Material Prices Dip By 1.32% Annually

Construction Material Prices Dip By 1.32% Annually

May 2024 Index Shows Varied Trends Across Product Categories

The Construction Materials Price Index for May 2024 recorded a decrease of 1.32% compared to May 2023, according to the Statistical Service.

Moreover, for the period January-May 2024, the index showed a decrease of 1.81% compared to the corresponding period in 2023.

In May 2024, the index reached 117.35 units (base year 2021=100), marking a marginal increase of 0.11% compared to the previous month.

By main product category, decreases were recorded in metal products (-6.68%), while increases were observed in electromechanical items (3.24%), minerals (1.01%), mineral products (0.49%), and wood, insulation materials, chemicals, and plastics (0.30%).

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