Prices of construction materials rise by 3.65% in February

Cyprus Index of Construction and Steel products in February jumped by an annual 3.65% mainly pushed by a spike in iron and steel products.
 
According to data released by the Statistical Service of Cyprus (Cystat) the Price Index of Construction Materials for February 2021 reached 104.62 units (base year 2015=100), recording an increase of 0.71% compared to the previous month.
 
Compared to the same month of the previous year, the index recorded an increase of 3.65%, Cystat added.
 
By main commodity category, increases were recorded in metallic products (10.71%) with iron and steel products jumping by 17.9% year on year.
 
According to Cystat, products of wood, insulation materials, chemicals and plastics rose by 1.07%, minerals by 0.74%, mineral products 0.23% and electromechanical products by a marginal 0.02%.