In the second quarter of 2020 the Construction Cost Index (CCI) increased by 0.7 percent compared to the previous quarter. The change was mainly due to a 3.3 percent increase in the prices for construction materials, which contributed 1.91 percentage points to the total index change.
Compared to the second quarter of 2019 the CCI increased by 2.1 percent. The latter was largely caused by the 6.8 percent increase in the prices for construction materials, which contributed 3.89 percentage points to the annual index change.
Besides, in the same period the average monthly nominal wages of employees in the construction sector decreased by 8.4 percent, contributing -2.31 percentage points to the overall index change.
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