TIRANA, Sept 5 /ATA/ The cost of construction increased by 4.7% in the second quarter of this year.
According to the report released by INSTAT, the Construction Investment Index in the second quarter reached 112.8 compared to the fourth quarter of 2020 as the base period.
The annual change of the Construction Expenditure Index in the second quarter of 2023 is 4.7%, a year ago this change was 6.2%.
Compared to the same quarter of a year ago, the biggest price increase is observed in the group “Material expenses” with 5.4%, followed by the groups “energy expenses” with 5%, “salary expenses” with 4.9%, “other costs” with 4.6%, “transportation expenses” with 4% and “machinery expenses” with 2.9%.
Within the “material expenses” group, the indices of the “hydro-sanitary and ventilation materials” sub-group recorded the highest increase with 5.8%, followed by the “construction materials” group with 5.5% and “electrical and communication materials” with 4.3%.
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