The construction price index continued to increase in the 2nd quarter

news release no 87

According to Statistics Estonia, the percentage change of the construction price index in the 2nd quarter of 2013 was 0.8% compared to the 1st quarter of 2013 and 5.2% compared to the 2nd quarter of 2012.

In the 1st quarter, compared to the same quarter of the previous year, the construction price index was primarily influenced by rising labour costs and the increase in the costs of building materials, which accounted respectively for more than 85% and over a tenth of the total increase of the index.

Compared to the previous quarter, labour costs increased by 1.2%, the costs of building machines increased by 1.6% and costs of building materials increased by 0.6%.

In the 2nd quarter of 2013, the percentage change of the repair and reconstruction work price index was 0.9% compared to the 1st quarter of 2013 and 5.4% compared to the 2nd quarter of 2012.

The calculation of the construction price index covers four groups of buildings: detached houses, blocks of flats, industrial buildings and office buildings. The repair and reconstruction work price index covers office buildings. The construction price index expresses the change in the expenditures on construction taking into consideration the price changes of three basic inputs: labour force, building materials and building machines.

Change in the construction price index, 2nd quarter 2013
  1st quarter 2013 –
2nd quarter 2013, %
1st quarter 2013 –
2nd quarter 2013, %
TOTAL 0.8 5.2
labour force 1.2 15.0
building machines 1.6 5.2
building materials 0.6 0.8
Index of detached houses 0.9 5.7
Index of blocks of flats 0.8 4.7
Index of industrial buildings 0.9 5.2
Index of office buildings 0.8 5.3

2nd quarter 2012 – 2nd quarter 2013, %
  1st quarter 2013 –
2nd quarter 2013, %
2nd quarter 2012 –
2nd quarter 2013, %
TOTAL 0.9 5.4
labour force 1.2 15.2
building machines 0.7 2.4
building materials 0.7 0.5

For further information:

Ülo Paulus
Leading Statistician
Price Statistics Service
Statistics Estonia
Tel +372 625 9242

More detailed data have been published in the Statistical Database.