Construction: Costs Up 12% in 2018

Because of the behavior of the costs of electrical materials, at the end of last year in Nicaragua the prices of construction materials registered a 12% increase with respect to December 2017.

Friday, January 25, 2019

The Central Bank of Nicaragua reports that "... The results indicate that the Construction Materials Price Index (CPI) registered a 1.0 percent variation with respect to the previous month and a 12.2 percent variation with respect to December of the previous year (4.0% year-on-year variation in December 2017).

From the five chapters that make up the aggregate of the IPMC, the one that most contributed to the monthly variation was Electricity and Lighting (1.6%) followed by Wood and Ceiling (1.4%) and Metals and derivatives (1.1%). On the other hand, in the year-on-year variation, the highest growth was registered in the chapter of materials related to Wood and ceilings (20.5%), followed by metals and derivatives (15.9%), Electricity and lighting (6.9%), Cement and derivatives (5.7%), and Sanitary and Floors (5.5%).

It is worth noting that the year-on-year variation up to December also corresponds to the accumulated evolution of 2018, both for the global index of the IPMC and for the chapters that make it up.
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More on this topic

Construction: Prices in Nicaragua Increase 8%

July 2019

The costs of metals and electricity and lighting, during the fifth month of the year explained the 8% year-on-year rise in prices of construction materials.

The statistics of the Price Index of Construction Materials (IPMC) corresponding to May 2019, specify that a 7.6% year-on-year growth was reported regarding May of the previous year (8.6% in April 2019 and 8.9% in May 2018), indicates the report of 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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