At the same time, The general level of the Basic Producer Price Index (IPP) registered an increase of 4% as a consequence of the rise of 1.8% in “Primary products” and of 4.9% in “Manufactured products and electricity ”reported this Thursday, November 17, the INDEC.
Construction Cost
The general level of the Construction Cost Index (ICC) in Greater Buenos Aires rose 6.8% in October compared to the previous month. This result arises from a 5.9% increase in the “Materials” chapter, a 7.8% increase in the “Labor” chapter, and a 6.9% increase in the “General Expenses” chapter.
Within the “Manpower” segment, the INDEC report explains that “we took into account the new values established by the wage agreement of the Construction Workers’ Union of the Argentine Republic (UOCRA), dated September 7, 2022″.
This had an impact on the “General Expenses” chapter, since this chapter contains the “Serene” item, which is framed within the resolution.
In the analysis by work item for October, compared to the previous month, the greatest increases were observed in “Earth movement” (8.4%),”Electrical installation” (8.1%), “Plastering” (7, 9%) and “Elevators” (7.4%) and smaller increases in “Other work and expenses” (6.7%), “Plumbing and fire fighting” (6.1%), “Painting” (6.1 %) and “Gas installation” (3.3%).
Source: Ambito
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