The rise in construction prices in the first quarter was curbed by the lower cost of materials
Kuupäev 22.04.2025
Article
Ülo Paulus, leading analyst at Statistics Estonia, said that in the first quarter of this year, compared with the same period in 2024, the construction price index was primarily influenced by the 2.9% increase in employees’ wages, which accounted for 54% of the index change. “Compared with the fourth quarter of last year, labour force was 0.6% more expensive and the cost of using building machines rose by 0.3%, while the prices of building materials were down by 0.2%,” explained Paulus. The repair and reconstruction work price index decreased by 0.5% compared with the fourth quarter of 2024