Prices of building materials rose by 12.2 %, maintenance and operational costs of machinery and equipment – by 10.0 %, but labor remuneration of workers increased by 9.1 %.
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In March 2023, compared to February, the level of construction costs rose by 0.1 %. Labour remuneration of workers as well as maintenance and operational costs of machinery and equipment rose by 0.2 %, but prices of building materials remained the same.
In March, the average level of construction costs was mostly affected by the increase in labour remuneration to assemblers, pavers, and electricians, as well as the growth of maintenance and operational costs of machinery and equipment of trucks and semi-trailers.
In Q1 2023, compared to Q1 2022, the level of construction costs rose by 14.2 %. Prices of building materials went up by 17.0 %, maintenance and operational costs of machinery and equipment – by 12.8 %, but labour remuneration of workers – increased by 9.8 %.
In Q1 2023, compared to Q4 2022, the level of construction costs rose by 0.8 %. Labour remuneration of workers increased by 1.6 %, maintenance and operational costs of machinery and equipment – by 1.3 %, but prices of building materials – rose by 0.3 %.
