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• Create Date January 31, 2025
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Construction Material Price Indices January 2015 - December 2024

Construction material price inflation gained momentum towards the end of 2024, reaching an annual increase of 4.2 percent in December 2024, against an average consumer inflation increase of 3 percent. On average construction materials rose 6.1 percent in 2024, maintaining its above inflationary increase for the 2nd consecutive year. Several materials showed higher than average increases in December 2024. The stronger increase in material prices aligns with a marginal rebound in wholesale trade sales of construction materials, despite the depressed conditions in retail sales in hardware sales of construction materials.

 

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