Construction costs up by 5% in Jan-Nov

According to the latest data from the Statistical Service, construction materials prices in the period January-November 2006 rose by 5.104% over the corresponding period of the previous year.

The price index of construction materials for November alone reached 133.68 units (base year 2000=100.00), recording an increase of 0.33% over the previous month.

The breakdown of prices shows that the biggest upward impact on prices this year has been petroleum.

Prices of petroleum products used for construction were up 22.2% year on year in January to October.

By contrast, prices of chemicals products used for construction fell by 0.5% in the same period.