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Construction costs rose 30% in December and accumulated annually exceeded inflation

Construction costs rose 30% in December and accumulated annually exceeded inflation

The increases were led by the sections of materials, labor and general expenses.

Argentine News

He National Institute of Statistics and Censuses of the Argentine Republic (INDEC) reported that the Construction cost index (ICC) in the Greater Buenos Aires rose 30.1% in December 2023 compared to the previous month. While, in annual termsthe index beat inflation.

He ICC measures the monthly variations who experiences the private construction cost of buildings intended for households in the Autonomous City of Buenos Aires and in the 24 matches in the Buenos Aires suburbs.

In cost calculation the purchase value of the land is not includedthe construction rightsthe professional fees (by project, direction and technical representation), the administration expenseshe value added tax (VAT), the financial expensesneither him construction company profit.

What elements of work increased the most in December 2023?

The general increase arose as a consequence of increases led by the sections of materials, labour and general expenses. At the same time, this index can be disaggregated into chapters. These include the main tasks that make up a work, grouped into 13 items of work. Each item is made up of the elements necessary for its execution.

  • Gas installation: 50.5%
  • Paint: 46.2%
  • Sanitary installation and firefighting: 41.9%
  • Electrical installation: 40.9%
  • Wood carpentry: 39.1%
  • Glass: 37.3%
  • Metal carpentry and blacksmithing: 36.6%
  • Structure: 30.9%
  • Elevators: 29.2%
  • Plasterwork: 28.6%
  • Earth movement: 27.1%
  • Masonry: 20.2%
  • Other work and expenses: 14.5%

Source: Ambito

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