In September 2021, construction cost index (CCI) increased by 0.25% compared with previous month and increased by 39.54% compared with the same month of the previous year.
The government’s recent efforts to boost home sales through policy rate cuts and cheaper state bank loans will aid in faster reflecting the construction cost to home prices fueling CPI inflation.
- Material index increased by 0.41% (47.44% yoy) and labor index decreased by 0.18% (22.25& yoyo) compared with the previous month.
Construction cost index annual rate of change (%), September 2021
Building construction cost index increased by 0.19% compared with previous month and increased by 40.17% compared with the same month of the previous year.
- Material index increased by 0.37% (18.58% yoy) and labor index decreased by 0.27% (22.27%) compared with the previous month.
Construction cost index for civil engineering increased by 0.45% compared with previous month and increased by 37.41% compared with the same month of the previous year.
- Material index increased by 0.55% (43.72% yoy) and labor index increased by 0.16% (22.17% yoy) compared with the previous month.
