The decrease of construction price index continues

The fall of the construction price index in the 1st quarter was mainly influenced by the decrease in the labour costs. The price indices of building machines and building materials are also in the falling trend.

In the 1st quarter of 2010 compared to the 4th quarter of 2009, the change of the construction price index was -1.1%, mainly influenced by the decrease in the labour costs.

In the 1st quarter of 2010 the percentage change in the repair and reconstruction work price index was -1.1% compared to the 4th quarter of 2009 and -6.9% compared to the 1st quarter of 2009.

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).