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3.Changes in Construction Price Index
(April to June 2022)

The Construction Price Index, which stood at 127.7 at the end of March 2022, increased by
0.9% to reach 128.8 in June 2022. The increase is mainly due to increases in the prices of
materials, namely premixed concrete (0.2%), premixed mortar (0.3%), steel bars (5.7%), tiles
and granite (0.6%), paint (2.2%), plumbing (7.6%) and electrical installation (1.1%), partly Percentage change from
offset by decrease of 0.9% in the prices of both timber carpentry and timber joinery. previous month
The index further increased by 1.1% in May 2022 reaching 130.2. The 1.1% increase is mainly
due to higher rates for the hire of plant (1.5%) and transport (25.5%), coupled with increases
in the prices of materials, namely premixed mortar (2.6%), steel bars (1.2%), timber carpentry
(7.1%), tiles and granite (0.6%), paint (0.6%), plumbing (1.2%) and electrical installation (1.3%).
In June 2022, the index went up by 0.2% to reach 130.5, mainly as a result of increases in
the prices of the following materials: aggregate (0.5%), premixed concrete (1.4%), premixed
mortar (0.4%), timber joinery (1.2%) and plumbing (0.5%), partly offset by contraction of 0.4%
in the prices of steel bars.

Compared to the corresponding months of the previous year, the index increased by 18.4% in
April 2022, 18.8% in May 2022 and 16.1% in June 2022. (Table 1.3).
Percentage change from
corresponding month of previous year