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Famagusta Gazette

News From Cyprus

Cyprus records decrease in price of construction materials

ByFamagusta Gazette

Nov 25, 2024

The Price Index of Construction Materials for October 2024 reached 117,18 units (base year 2021=100), recording a decrease of 0,08% compared to the previous month.

Compared to the same month of the previous year, the index recorded an increase of 0,13%. By main commodity category, increases were recorded in electromechanical products (3,63%), products of wood, insulation materials, chemicals and plastics (1,17%) and mineral products (0,45%), whereas decreases were observed in metallic products (-2,12%) and minerals (-0,02%).

For the period January-October 2024, the index recorded a decrease of 1,01% compared to the corresponding period of 2023.

Famagusta Gazette