ACCORDING to figures released by the Cyprus Statistical Service, CYSTAT, the price of construction materials during the 12 months ending May 2008 increased by 12.25%. The highest increase was recorded in petroleum products, where prices soared by a massive 37.65%.
Increases in other commodities prices were:
Wood 2.92%
Stone and quarrying materials 9.45%
Paints, enamels and varnishes 3.06%
Plastic products 2.78%
Chemical products 4.48%
Wooden products, blinds and shades 7.29%
Non-metallic products 8.10%
Iron and steel 16.96%
Other metals (copper pipes) 3.00%
Metallurgy products 8.34%
Industrial appliances -0.56%
Electrical goods for installation 3.10%
Sanitary ware, central heating and swimming pool equipment 1.60%
The Price Index of Construction Materials for May 2008 reached 155.26 units (base year 2000=100.00) recording an increase of 1.89% over the previous month.