Overview Of The Latest Price Trends
Cyprus Statistical Service reported that the construction materials price index reached 119.28 units in February 2026 (base year 2021=100), indicating a continued increase in input costs across the sector.
Month-On-Month And Yearly Trends
Compared with January 2026, the index rose by 0.33%. On an annual basis, prices increased by 0.60% compared with February 2025, pointing to a gradual upward trend in construction costs.
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Segment-Specific Developments
Price changes varied across categories. Electromechanical products recorded the largest increase, rising by 2.27%. Wood, insulation materials, chemicals and plastics increased by 1.64%, while minerals rose by 0.94%. In contrast, metallic products declined by 0.45%, and mineral products edged down by 0.08%.
Methodology And Data Collection
Cystat’s data collection process is rigorous, relying on a monthly sample acquired via telephone and email from a range of suppliers. The reference date for price collection is the 15th of each month, and the figures are recorded exclusive of VAT to ensure clarity in assessing underlying cost movements. The index is anchored to a base year (2021), with an average index value of 100 units over the twelve months, thus serving as a benchmark to gauge price evolutions. An index of 101.56, for example, represents a 1.56% increase over the 2021 average.
Implications For The Construction Sector
The latest figures indicate that cost pressures in the construction sector remain present, although increases are moderate. Ongoing monitoring of price trends remains relevant for contractors and developers planning future projects and budgets.
