Material Costs in construction industry up 11,5% in January 2023
Material Costs in construction industry up 11,5% in January 2023
  Economy  |  Greece  |  Data

Material Costs in construction industry up 11,5% in January 2023

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RE+D magazine
24.02.2023

The Overall Material Costs Index in the Construction (CSTM) of New Residential Buildings in January 2023 recorded an increase of 11.5% in comparison with January 2022, according to data unveiled by ELSTAT.

The corresponding index in January 2022 had recorded an increase of 7.3% compared with January 2021. 

The Overall Index in January 2023, compared with the corresponding index in December 2022, recorded an increase of 0.6%. The index had recorded an increase of 0.8% between January 2022 and December 2021. 

The average Index for the twelve-month period from February 2022 to January 2023, compared with the corresponding index for the twelve-month period from February 2021 to January 2022, recorded an increase of 11.4%. 

The comparison of the twelve-month average Material Costs Index in the corresponding previous twelve-month periods had recorded an increase of 4.3%