According to Statistics Estonia, in the 3rd quarter of 2008 the percentage change of the construction price index was 0.4% compared to the 2nd quarter, and 3.1% compared to the 3rd quarter of the previous year.
In the 3rd quarter compared to the previous quarter as well as to the 3rd quarter of the previous year, the construction price index was primarily influenced by the increase in the labour costs and by more expensive building machines.
In the 3rd quarter of 2008 the percentage change in the repair and reconstruction work price index was 0.3% compared to the 2nd quarter and 3.6% compared to the 3rd quarter of the previous year.
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 construction price 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, 3rd quarter 2008
| | 2nd quarter 2008 –
3rd quarter 2008, % | 3rd quarter 2007 –
3rd quarter 2008, % |
| TOTAL | 0.4 | 3.1 |
| labour force | 0.1 | 3.0 |
| building machines | 0.4 | 4.8 |
| building materials | 0.6 | 3.0 |
| Index of detached houses | 0.6 | 3.8 |
| Index of blocks of flats | 0.5 | 3.1 |
| Index of industrial buildings | 0.5 | 3.4 |
| Index of office buildings | 0.2 | 2.7 |
Change in the repair and reconstruction work price index
| | 2nd quarter 2008 –
3rd quarter 2008, % | 3rd quarter 2007 –
3rd quarter 2008, % |
| TOTAL | 0.3 | 3.6 |
| labour force | 0.2 | 3.2 |
| building machines | 0.4 | 2.9 |
| building materials | 0.4 | 3.9 |
| 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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