Accordingly, construction cost index increased by 0.88% in May compared to the previous month and by 22.4% compared to the same month of the previous year.
According to the data, on a monthly basis, the material index increased by 1.09% and the labor index by 0.52%. On an annual basis, the material index increased by 17.81% and the labor index by 31.39%.
In the same period, the building construction cost index increased by 0.81% compared to the previous month and by 22.46% compared to the same month of the previous year. While the material index in building construction increased by 1.08% and the labor index by 0.35% on a monthly basis, the material index increased by 18.24% and the labor index by 30.4% on an annual basis.
In the same period, the building construction cost index increased by 0.81% compared to the previous month and by 22.46% compared to the same month of the previous year. While the material index in building construction increased by 1.08% and the labor index by 0.35% on a monthly basis, the material index increased by 18.24% and the labor index by 30.4% on an annual basis.
The construction cost index for non-building structures increased by 1.11% m/m and 22.2% y/y in May. In this area, the material index increased by 1.11% and the labor index by 1.12% on a monthly basis, while the material index increased by 16.46% and the labor index by 35.03% on an annual basis.
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