August 8, 2023
CONSTRUCTION COST INDEX IN GEORGIA – JUNE 2023
In June 2023 the Construction Cost Index (CCI) decreased by 0.1 percent compared to the previous month. In the mention period prices for the category of transportation, fuel and
electricity decreased by 1.2 percent, which contributed -0.11 percentage points to the total index change. Along with this, prices for construction materials increased by 0.5 percent, with a relevant contribution of 0.34 percentage points to the monthly index change. Compared to February 2022 the CCI increased by 8.0 percent. The latter was largely caused by the 18.6 percent increase in average monthly nominal wages of employees in the construction sector, which contributed 4.41 percentage points to the total index change.
Source: National Statistics of Georgia
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
