As regards construction materials and products, the largest decrease in prices was observed for pipes – 0.7%, while insulation materials and wood products went up in price by 0.3% each.
As for buildings and structures, the largest increase over month was observed for construction of residential buildings – 0.2%. Renovation of buildings went up in price by 0.3%.
Over the year (August 2018, against August 2017), construction input prices increased by 2.4%. This was determined by a 6.5% increase in wages and salaries, 0.9% – prices of construction materials and products, 0.5% – hourly labour costs on operation of construction machines and mechanisms.
As for buildings and structures, the largest increase in prices over a year was observed for the construction of residential buildings – 3 per cent. Renovation of buildings went up in price by 3.4%.
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.
