Construction Input Price Indices For Second Quarter 2024
The Kenya National Bureau of Statistics has released the Construction Input Price Indices (CIPI) for the second quarter of 2024, indicating a CIPI-Inflation rate of 3.58%, lower than the previous quarter but higher than the same period last year. Key materials such as cement, sand, and paints saw price increases, while bitumen and glass products experienced declines. The overall construction cost index rose to 119.06, reflecting increased costs in materials, transport, fuel, and labor.
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Construction Input Price Indices For Second Quarter 2024
The Kenya National Bureau of Statistics has released the Construction Input Price Indices (CIPI) for the second quarter of 2024, indicating a CIPI-Inflation rate of 3.58%, lower than the previous quarter but higher than the same period last year. Key materials such as cement, sand, and paints saw price increases, while bitumen and glass products experienced declines. The overall construction cost index rose to 119.06, reflecting increased costs in materials, transport, fuel, and labor.