Construction prices on the increase
In its latest publication on the Construction Price Index (CPI), the Central Statistical Office (CSO) of Mauritius found out that the CPI which stood at 110.4 as at March 2013, increased by 0.5 % or 0.6 point during the second quarter of 2013 to reach 111.0 in June 2013.
Therefore on a monthly basis, the index increased by 0.4% in April, remained unchanged in May and increased by 0.1% in June 2013.
The 0.4% increase in April 2013 was mainly due to increases in the prices of the following items: hire of plants (0.8%), block (2.8%), aggregate (2.9%), sand (1.7%), hardcore (2.4%) and cement (0.1%) partly offset by decreases in the prices of steel bars (-0.1%) and adhesive (-0.3%). In June 2013, the index increased by 0.1% as a result of higher prices of timber carpentry (0.7%) and ceramic tiles (3.5%).
The “Hire of Plant” sub-index increased by 0.8% from 105.0 in March 2013 to 105.8 in April 2013 following an increase in the rates for the hire of cornice and remained unchanged up to June 2013. The “Materials” sub-index increased by 0.7% in April 2013, remained unchanged in May and registered an increase of 0.1% in June 2013.
During the second quarter of 2013 no change was registered in the “Labour” and “Transport” sub-indices.
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Source: Central Statistical Office, Mauritius