The construction price index increased in the 3rd quarter

In the 3rd quarter, compared to the same quarter of the previous year, the construction price index was primarily influenced by rising labour costs and the increase in the costs of building materials, which accounted respectively for more than 60% and over a third of the total increase of the index.

Compared to the previous quarter, labour costs increased by 2.3%, the costs of building machines increased by 0.5% and costs of building materials increased by 0.9%.

In the 3rd quarter of 2013, the percentage change of the repair and reconstruction work price index was 1.3% compared to the 2nd quarter of 2013 and 5.4% compared to the 3rd quarter of 2012.

The calculation of the construction price index covers four groups of buildings: detached houses, blocks of flats, industrial buildings and office buildings. The repair and reconstruction work price index covers office buildings. The construction price index expresses the change in the expenditures on construction taking into consideration the price changes of three basic inputs: labour force, building materials and building machines.