In December 2022 the Construction Cost Index (CCI) increased by 2.2% compared to the previous month. The change was mainly due to a 10.6 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 2.44 percentage points to the total index change, - according to the preliminary data from the National Statistics Office of Georgia.
Accoridng to the document, compared to February 2022 the CCI increased by 11.5%. The latter was largely caused by the 28.8 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 5.87 percentage points to the total index change.
