Construction Input Price Index – Second Quarter 2024
About Report
Statistical Releases
Construction Input PI
June
2024
Overview
CIPI-Inflation rate in Q2 2024 is 3.53 per cent which is slightly lower than the previous quarter (Q1 2024 at 3.56%) but higher than the similar period previous year (Q2 2023 at 0.46%). The increase was driven by rise of the indices of cement, quarry products, sand and paints among other products. Cement indices rose by 3.12 per cent to 114.16 in Q2-2024. Hardcore increased by 1.76 per cent from 111.29 to 113.25 in Q2-2024 while Sand increased by 1.93 per cent to 102.47 in Q2-2024. Paints index increased by 3.75 per cent to 112.47. Notably, the indices of bitumen and glass products registered sharp declines. Dense Bitumen Macadam (DBM) decreased by 4.70 per cent to 162.11 in Q2-2024