Analytics, Construction, Lithuania, Real Estate

As for building materials and products, the largest price rise over the month was observed for concrete and ferroconcrete – 0.9, pipes – 0.8, and electrical engineering materials – 0.6%, while prices for wood products decreased by 1.1, finishing materials – 0.4%.

As for buildings and structures, the largest price rise was observed for the construction of utility infrastructure (except for wastewater pipelines) – 0.4%. Prices for the construction of residential buildings decreased by 0.2%.

Over the year (March 2014, against March 2013), construction input prices increased by 3.5%. It was conditioned by a 9.8% increase in wages and salaries and a 1.4% increase in prices for building materials and products.

As for building materials and products, the largest price rise over the year was observed for concrete and ferroconcrete products – 4.1, various types of concrete and mortar – 3.5, general building materials – 3.2, wood products – 2.9%, while prices for pipes decreased by 1.1, windows and doors – 0.3%.

As for buildings and structures, the largest price rise was observed for the construction of residential buildings – 4.4%. A 4.8% price rise was observed for the renovation of buildings.

Table 1. Changes in construction input prices by type of structure, March 2014, %

x – the indicator is not calculated in such expression
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¹ CC – Classification of Types of Construction

Table 2. Changes in prices for the main construction input component groups, March 2014, %

Table 3. Influence on the overall monthly price change (March 2014, against February) by main construction input component group, percentage points

The influence on the overall change in construction input prices is determined not only by change in the construction input component price but also by the relative share (weight) of that component in the total value of construction.

More information on the issue is available in the Database of Indicators.