Building Materials: Prices up to October 2018

In Nicaragua, the Building Materials Price Index recorded an increase of almost 10% during October compared to the same month in 2017.

Thursday, December 6, 2018

The Central Bank of Nicaragua (BCN) reported that the Building Materials Price Index (CPI) registered a 9.9 percent year-on-year growth compared to October of the previous year (8.8% registered in September 2018 and 3.7% in October 2017).

The statement of the BCN reviewed that of the five chapters comprising the IPMC aggregate, the greatest growth was registered in the wood and roofs (16.6%), followed by metals and derivatives (13.5%), toilets and floors (4.8%), cement and derivatives (4.6%), and electricity and lighting (3.8%) sectors.

Additionally, the cumulative variation of the IPMC up to October was 9.9 percent, because of increases in wood and roof, metals and derivatives, sanitary ware and floors, cement and derivatives, and electricity and lighting sectors.

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More on this topic

Construction: Prices up to February 2019

April 2019

The costs of wood and roofs, and metals and derivatives, explained during the second month of the year the 10% year-on-year increase in the prices of construction materials in Nicaragua.

The statistics of the Price Index of Construction Materials (IPMC) corresponding to February 2019, indicate that the IPMC registered a 9.6% year-on-year growth regarding the same month of the previous year, variation greater than the 8.4% reported in February 2018, informed the Central Bank of Nicaragua (BCN).

Prices of Construction Materials Continue to Rise

July 2018

After reporting a year-on-year growth of 9% up to May, in June in Nicaragua the Construction Materials Price Index registered a 10% increase.

The Central Bank of Nicaragua (BCN) reported that the Construction Materials Price Index (IPMC) corresponding to June 2018 showed that it recorded a year-on-year growth of 9.8 percent compared to June of the previous year (9.1% in May 2018 and 0.1 % June 2017).

Nicaragua: Construction Prices Up 9%

June 2018

During May, the Construction Materials Price Index registered a variation of 9% with respect to the same month in 2017.

The report explains that " ...Of the five chapters that make up the IPMC aggregate, the highest growth was recorded by metals and derivatives (14.8%), followed by wood and ceilings (10.2%), electricity and lighting (8.6%) and cement and derivatives (5.6%). On the other hand, there was a decrease in the chapter of toilets and flooring (-1.2%)." 

Nicaragua: Prices of Construction Materials on the Rise

March 2018

During the second month of the year, the Construction Materials Price Index registered a variation of 8% compared to February 2017.

The Central Bank of Nicaragua reported that "... statistics on the Construction Materials Price Index (IPMC) corresponding to February 2018, indicate that the IPMC registered a year-on-year growth of 8.4 percent in relation to February of the previous year (5.2% January 2018 and 0.7% February 2017). "

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