Construction: Prices in Nicaragua Increase 8%

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.

Friday, July 12, 2019

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).

The NCB statement notes that "... Of the five chapters that make up the aggregate of the IPMC, the highest year-on-year growth was registered in the prices of the products of the metals and derivatives chapter (12.0%), followed by electricity and lighting (10.1%), wood and ceilings (7.6%), sanitary ware and floors (6.9%), and cement and derivatives (4.4%).

Additionally, the accumulated variation of the IPMC up to May was 3.0 percent, as a result of price increases in the chapters of electricity and lighting (5.9%), sanitary and flooring (5.2%), metals and derivatives (4.5%), wood and ceilings (3.4%), and cement and derivatives (1.1%)
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Construction Materials: Prices are up 14%

May 2019

The costs of wood and roofs, and metals and derivatives, explained during the third month of the year the 14% year-on-year increase in the prices of construction materials in Nicaragua.

The results show that the Index of Prices of Construction Materials (IPMC) registered a 13.8% year-on-year growth with respect to March of the previous year (9.6% in February 2019 and 8.6% in March 2018), informed the Central Bank of Nicaragua.

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%)." 

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