According to Statistics Estonia, in the 1st quarter of 2008 the percentage change of the construction price index was 1.1% compared to the 4th quarter of 2007 and 6.0% compared to the 1st quarter of the previous year.
In the 1st quarter of 2008 compared to the 4th quarter of 2007 as well as to the previous quarter, the construction price index was primarily influenced by the increase in the labour costs and by more expensive building machines.
In the 1st quarter of 2008 the percentage change in the repair and reconstruction work price index was 1.4% compared to the 4th quarter of 2007 and 6.8% compared to the 1st quarter of 2007.
The calculation of the construction price index covers four groups of buildings — detached houses, blocks of flats, industrial buildings and office buildings, as well as office buildings covered by the repair and reconstruction work price index. The index expresses the change in the expenditures on construction taking into consideration the price changes of basic inputs (labour force, building materials and building machines).
Change in the construction price index, 1st quarter 2008
| | 4th quarter 2007 –
1st quarter 2008, % | 1st quarter 2007 –
1st quarter 2008, % |
| TOTAL | 1.1 | 6.0 |
| labour force | 1.5 | 9.5 |
| building machines | 2.6 | 8.2 |
| building materials | 0.8 | 4.3 |
| Index of detached houses | 1.2 | 6.3 |
| Index of blocks of flats | 1.0 | 5.9 |
| Index of industrial buildings | 1.2 | 6.3 |
| Index of office buildings | 1.1 | 5.8 |
Repair and reconstruction work price index
| | 4th quarter 2007 –
1st quarter 2008, % | 1st quarter 2007 –
1st quarter 2008, % |
| TOTAL | 1.4 | 6.8 |
| labour force | 1.7 | 10.3 |
| building machines | 1.5 | 7.2 |
| building materials | 1.3 | 4.7 |
| For further information: Hede Hannula
Leading Statistician
Price Statistics Service
Statistics Estonia
Tel +372 625 9242 | More detailed data have been published in the Statistical Database. |
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