30 January 2023,   02:05
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In October 2022 the Construction Cost Index increased by 1.2%

In October 2022 the Construction Cost Index (CCI) increased by 1.2% compared to the previous month. The change was mainly due to a 4.4% increase in average monthly nominal wages of employees in the construction sector, which contributed 1.12% to the total index change, reads the report of GeoStat.

Compared to February 2022 the CCI increased by 8.2%. The latter was largely caused by the 12.7% increase in average monthly nominal wages of employees in the construction sector, which contributed 2.74% to the total index change.

The following table presents the CCI in October 2022, compared to the previous month and February 2022, as well as the contributions of cost categories to the total index.

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