In November 2022 the Construction Cost Index (CCI) increased by 0.8 percent compared to the previous month, reads the recent publication of the National Statistics Office of Georgia (GeoStat).
Pursuant to the report, "the change was mainly due to a 3.4 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 0.44 percentage points to the total index change.
Compared to February 2022 the CCI increased by 9.0 percent. The latter was largely caused by the 16.5 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 3.21 percentage points to the total index change," the report concludes.
