Petrol prices push up Cyprus construction costs

According to the latest data from the Statistical Service, construction materials prices in the period January-September 2006 rose by 5.25% over the corresponding period of the previous year.

The price index of construction materials for September alone reached 132.39 units (base year 2000=100.00), recording a marginal decrease of 0.01% over the previous month.

The breakdown of prices shows that the biggest upward impact on prices this year has been petroleum.

Prices of petroleum products used for construction were up 28.5% year on year in January to September. By contrast, prices of chemicals products used for construction fell by 0.8% in the same period.