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Statistics: Construction price index sees slight rise on year to Q1 2021

The construction price index in Estonia rose very slightly, by 0.5 percent, on year to the first quarter of 2021 (Q1 2021), state agency Statistics Estonia reports. Between Q4 2020 and Q1 2021 the construction price index rose more, by 0.7 percent, however. The index covers both residential and commercial buildings. Ülo Paulus, analyst at Statistics Estonia, said that behind the recent rise was the higher cost of materials, primarily, accounting for three quarters of the total rise in index. He said: Compared with the previous quarter, labor force was 0.4 percent more expensive and the cost of using building machines rose by 0.3 percent, while the cost of materials rose by 0.9 percent.

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