The increase in the average hourly pay in December, against November, was conditioned by larger lump sum payments, bonuses and premiums.
Over the month, prices for building materials and products decreased by 0.1%. The largest decrease in prices was observed for concrete and mortar – by 0.4, insulation materials – by 0.3%, metal, pipes and finishing materials – by 0.2% each, while an increase in prices was observed for wood products – by 0.4%, general building and plumbing materials – by 0.1% each.
As for buildings and structures, the largest price growth over the month was observed for residential construction – by 1.1%. Renovation of buildings went up in price by 1.2%.
Over the year (December 2015, against December 2014), construction input prices increased by 1.3%. It was conditioned by a 5.5% increase in wages and salaries and a 0.3% increase in hourly labour costs of the operation of construction machines and mechanisms.
Over the year, prices for building materials and products decreased by 0.6%. The largest decrease in prices was observed for insulation materials – by 4, pipes – by 1.4, finishing materials – by 1.2, metal – by 0.7%, while an increase in prices was observed for plumbing materials – by 0.7, electrical engineering materials – by 0.6, windows and doors – by 0.2%.
As for buildings and structures, the largest price growth over the year was observed for residential construction – by 1.9%. Renovation of buildings went up in price by 2.7%.
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.
