(RTTNews) - Estonia's construction price index rose 3.6%
sequentially in the first quarter and climbed 15.6% from last year, the
Statistics Estonia said Friday. The increase was due mainly to higher
labor costs, the report said.
Labor cost showed an
increase of 6.1% from the prior quarter for an annual rise of 17.3%.
Costs of building machines rose 1.8% sequentially, while building
material costs were up 2.3%. Annually these components rose 5.4% and
6.1% respectively in the first quarter.
Price indices
for detached houses, industrial buildings and office buildings rose
3.6% each from the prior quarter. On a year-over-year basis, these
indices showed increases of 15.5%, 15.9% and 15.5% respectively. The
index for blocks of flats was up 3.5% on quarter, while rising 15.3%
from a year ago.
Meanwhile, costs on repair and
reconstruction work rose 3.2% on quarter and climbed 15.9% on year.
Higher labor costs, with a monthly rise of 3.2% and a yearly growth of
15.9% were instrumental for the rise in repair and reconstruction costs.
