The overall price change was mainly influenced by a 0.2% decrease in prices for building materials and products and a 0.3% increase in wages and salaries.
As for building materials and products, the largest decrease in prices over the month was observed for finishing materials – 0.8%, wood products – 0.6%, pipes and insulation materials – 0.5% each, while an increase in prices was observed for electrical engineering materials – 0.3%.
Over the year (November 2015, against November 2014), construction input prices increased by 1%. It was conditioned by a 4% increase in wages and salaries, 0.3% – hourly labour costs of the operation of construction machines and mechanisms.
Over the year, prices for building materials and products dropped by 0.2%. The largest decrease in prices was observed for insulation materials – 4.2%, finishing materials – 1.2%, metal – 0.4%, while an increase in prices was observed for electrical engineering materials – 0.8%, plumbing materials – 0.5%, windows and doors and wood products – 0.2% each.
As for buildings and structures, the largest price growth over the year was observed for the construction of the utility infrastructure (except for wastewater pipelines) – 1.9%, and residential building construction – 1.2%. Renovation of buildings went up in price by 1.9%.
The influence on the overall change in construction input prices is determined not only by change in the construction input component price but also by the relative share (weight) of that component in the total value of construction.
