Construction Input Price Index – Fourth Quarter 2024

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Statistical Releases
Construction Input PI
December
2024

Overview

The CIPI and inflation rates are as shown in Tables 1 and 2. The construction inflation rate was 0.87 per cent in Q4-2024. Notable, Q4 2024 recorded a decline (-0.80%) from Q3 2024, signaling a contraction in construction costs. There were general declines in the indices of material, labour, equipment, and Transport, Fuels and Lubricants in Q4-2024. The indices of quarry products, cement and hardcore decreased by 3.90, 1.94 and 2.40 per cent, respectively. Additionally, the indices of steel reinforcement bars, ballast and graded crushed stones decreased by 1.97 per cent and 2.37 per cent, respectively.
Construction Input Price Index – Fourth Quarter 2024

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