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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.

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0% found this document useful (0 votes)
31 views6 pages

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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KNBS KENYA NATIONAL Buren or sTansnes Rerping yoo Informed Kenya National Bureau of Statistics CONSTRUCTION INPUT PRICE INDICES SECOND QUARTER 2024 RELEASE JUNE 2024 1|Page CONSTRUCTION INPUT PRICE INDICES FOR THE SECOND QUARTER 2024 ‘The Kenya National Bureau of Statistics hereby releases Construction Input Price Indices (CIPI) for the second quarter of 2024, The indices are generated from price data collected from a representative sample of outlets that trade in construction materials. The prices are collected quarterly on the 15 day of the mid-month of the quarter for the transactions that occurred, ‘The CIPI and Inflation Rates are as shown in Table 1 and 2. CIPI-Inflation rate in Q2 2024 is 3.58 per cent which is slightly lower than the previous quarter (Qi 2024 at 8.56%) but higher than the similar period previous year (Q2 2023 at 0.46%). The increase was driven by rise of the indices of cement, quarry products, sand and paints among other products. Cement indices rose by 3.12 per cent to 114.16 in Q2-2024. Hardcore increased by 1.76 per cent from 111.29 to 118.25 in Q2-2024 while Sand increased by 1.93 per cent to 102.47 in Q2-2024. Paints index increased by 3.75 per cent to 112.47. Notably, the indices of bitumen and glass products registered sharp declines. Dense Bitumen Macadam (DBM) decreased by 4.70 per cent to 162.11 in Q2- 2024. ‘The aggregated materials indices increased from 125.69 in Q-2024 to 125.87 in Q2-2024 while that of Equipment increased from 106.38 in Q1- 2024 to 106.51 in the same period. The index of Transport and Fuels slightly decreased from 125.59 in Q1-2024 to 125.07 in Q2-2024. The overall construction cost index increased to 119.06, indicating rising costs in the construction industry. The Building Cost Index increased from 116.98 in Q1-2024 to 117.53 in Q2- 2024 as shown in Table 3. The overall increase in the Building Cost Index in Q2-2024 reflects the rise in the costs of materials, transport, fuel, and labour. Notably, the costs of materials like cement, sand, ballast, paints, paving blocks, 2|Page and roofing materials, have driven this increase. Equipment costs have shown a slight decrease, moderating the overall rise in the Building Cost Index. The Civil Engineering Cost Index for Q2-2024 is 120.91, up from 120.84 in Q1-2024 as presented in Table 4. This represents a percentage increase of approximately 0.06. The civil engineering works cement index increased by 3.18 per cent from 110.72 to 114.18 while Concrete and Asphalts increased from 141.14 to 144.45 over the same period. Ballast, Gravel and Graded crushed stones increased by 2.30 per cent to 106.68. The index of Paving Grade Bitumen (PGB) decreased from 166.56 to 159.08. The tack coat, which is also in the same class with PGB decreased by 8.91 per cent to 153.76 in Q2- 2024. The index of Steel and Reinforcement Bars also decreased from 159.08 in Q1-2024 to 154.34 in Q2-2024. ‘Table 1: Construction Input Price Indices and Inflation Rates baz ead ee 2192100 oe [creintaton contraction [ET Iaaion Ita) Caen vear | quarter - finattmce”™ a Coen [carer Se fndstcry [QS ures Pow faut 3| 106.06 3.61 met 3] 113.38 6.90 asc ii 119.06. 3.53 3|Page Table 2: Construction Input Price Indices Aggregated Construction Indies ase period Dec 2019100 SNe [Products [Weight [Qi-z028_q2-2028 _Qs-2028_Qé-2028_Q1-2024 _Qp-2024 Tnandeore 405] HOI 10sst 106.19 10912119. 2|Quary pretuetsaste ust an mara) o62| 10460 1069 10619 1082211048 fcement rai} 10412 to278 1069810711416 sfsond 152] 9640 10018 9929 1008310247 5 [falast/Gravel and Grade crushed snes 549] 10035, 1004s (01.78 108.78 106.86 Gfatacand precoated chippings an| sas 126.50 wia12raT 7 concrete and Aspalts ass] 13332 136.88 i 14443 sftimber and Woe! 133] 9660 95759653, 9555 9798 feet an renored bars G16) 1634216813 16571 resis 16882 10}Paving blocks m1023° 107.20 10821 nasi 11669 1i|cuiverts and Inverted block drains 267] 10443 10023 1009010877 1050110919 ta}kerbe 162] 10438 10486 105.71 105.20 106.79 107.99 13}Dens Bitumen Macau (BNO s19| 15990 16139 1639517018701 16211 stones 1it| 99919776 901.9881 TOKE 10082 15]Damp Proofingand Ant-termite 02s) sass slid Btgz S147 82968197 16 Roofing sheets ost | 11018 10976 1102011198 64912060 si} eors oaz| tose 1094510928 100411179 11307 18}Metal doors and windows 043 | 10399 1082710986 T1488 114.83 12105 19}ciaseand has puty os] 1354018121 ISLS 18.11 151521281 20)tocks ae ow mengery 038| 10905 10868 10885 108811143 13.18 ities oat] 11179 10947 arT—L0T.94 1087710188 22|Chipboardsand MF o49| 9662 95239576697 M8992 25}ruins 089] 10648 10932 1085311108 084111247 24lsanitary ings oo] 11387 11356 1128713821498 10947 25| Water itings 0s) 11244 11898 137811750, Iss 117.92 26) Water wastes 006) 107.57 10344 101.40 10168 10285 101.38, 27 Bectical fiings o25| 10453 10538 10457 _10629 10653 __10772 [Materials Bi.09 | 120.58 12010 121.58 12407 125.469 125.87 1 foiers and Related Euipment 457] 10289 1028910375 10466 105491046 alconcrete mixer sot] 10227 10221 1034410882 1030710499 sfbxcavators 443| 10802 104.19 10625 105.56 1059110672 4] oor graders aas| 11886 11960 1196312041 dass 218 [Compressors and Vibrators 377|_ 105.19 1035310442 10504 102.88 _ 101.47 guipment Zo26 [106.59 10626 107.08 107.62 108.88 10651, 1 ftransprt saz] 11372 11468 1169411928 1188411900 jhe and tbicams 452] 19s1_zs61__a21 1342715221 190.56 [Transport Fuels and Tareas 364[ 1167S 11981 122.84 127.09 125.59 12507 teasuat 4x6 | 10778 10971 1112011198 1119811838. 2] watchman an Related workers 95] 10921 1103811277 1139611896 114.30 '5}Phumbes/tloctician/divers r37| 10819 10829 106.50 10728 10728 10878 ‘s]oachine /plan operators $29] 10492 10610 10886 107.87 10744 106.78 5 |carpenter/Painter/ Welder/Mechanic 260| 106.01 10709 1079810841 1084110089 ste agent 109] 10581 108-40 1084010907 f090T 11005 2 lstason foreman 454| 10838 1090910937 _10999__MW001_110.51 abou Tor] 106.96 108.44 109.85 110.27 11028 111.10 [Genstrastion Cost indo Toooo| nae 10600 teas 11838 iss 119.06 4a|Page Table 3: The Building Cost Indices ase era Dec 20192100 SNe [oduct [weight [01-2025 g7-2025 QS-2028 Q42075_Qi-2024_Qu-tOZE fcement “ime Tis], 141 10234 10279 10698 NOT! 145 tard core ast 019 10451 106.19 10951 1112911925, quarry pouctswase ist an mara) 127] 10460 10343 10869 10619 1082211045. sand sis] 9640 99.29 10018 99.29 1005310247 faust 450] 10111 10150 10186 10248 1082510644, 6stet and reinforced burs togo| 1728 1726117525 173881786 17288 1fsones 2az| 9991 9775 9901-98 tos 10082 '8}Demp Profing and Antiterite oss) 8333 8148182 81478295187 sftinker and Wood 220) 9754 9684 97829857 95.7998 10taving backs zoe] 11622 113831482117 11878 12271, 11 Roofing materials 070] 1048 10976 1102011195 1164912060 12{Do0rs ozs] 10952 10913 10925004 1117911807 13|Metal dors and windows 026] 10399 10827 1096 1148811483 128.05 14s ar glass putty 016] 1984013121 131.58 SLI] 1815212811 15]lacks and ron mongery 078] 10905 10868 1089511088 1114311818 16)Ties ass] 11179 10947 11017 1079410477 101.85 17|Chip boars and MOF ror] 9662 95239576 9697 8489 82.44 18}Pins 106] 10648 10952 1085811108 1084111247 19saritary tings 016] 11387 11886 1128711382 1149810947 20| Water fitings| om} 124 i398 1878 1175011515 117.92 21} Water wastes o12] 10757 10344 10140 101.68 1028510183 22|tetcal fitings ost] 1045810588 10487 _ 10629 10658 _ 107.72 [Materials Base] 11627 11564 11659 11829 120.21 12090 23}tquipment-Concree Miner 516] 10539 10449 1044910449» 0274 10296 24}fguipment-Concrete poker / Vibrator zs6| 102m 1021s 10894 108491002 98.62 23}tquipment-tecavatr and eiestianRoler | 264] 100.66 100.66 102.81 10255 10437 101.26 26] Compressors Sos| 10427 10427 10474 105179896 100.00 ~Teguipment 7s21| 103.61 10825 10402 10444 101.80 101.16 27ftransport 599] 119s 12118 12528 1910212808 12938, 2s}fue sao] 1193s 1239012781 1348018274 131.75, [report and Pek 9.98] 11956 12228 12628 1525512994 150.31 25}canu Gor] togos 1n71 1140211402 11402 118.02 89]Watconan zor] 11028 11028 1144111588 1158811642 31]humber/tetician asz| 10398 10588 10662 10825 108.25 114.08, 2]Machie /plant operators ast] 10360 10627 10707 107.07 1072010529 5] Canenten/Tainer/ Welder/Meckanic 353) 10661 10577 Yo7oT 107.77 M0777 10955, 4[Mason/foreman 730] 10921 ost nosy 1n2t2 124211844 labour Bias | 10874 10875 11127 112.04 11204 113.06 ung Coa tex roo | Tisa8 11839 trae T6se 11698 1175S 5|Page Table 4: Civil Engineering Cost Indices _ ase Fed Dee 20192100, ‘382 [Prot 2008 Q2-1028 95.2028 4.2025 _QI-2024_Q2.2026 feng Grade Bar| 170] oss 15042 1é6as 16886 18908 aces 000] usm 4678 1009 1600218876 s|sts/Graed and Grated crated ones | 642] 9062 9855 oLt2 10428 10668 4c an recone chipengs sar] sad 1248 asositsi21 12747 coment ros] 10432 10252 oes 1107211418 tel an eine Ras igo] 1515915422 18705 15008 184.86 1 index and Wovd ose] 9673 9501573 966995529764 concrete and apa 885] 18352 1566513688 asRSS AL tas avin Hoek sae] 10459 1014 10246 10585 t07I9 THe 1o]cutvertsand eve ook dis s19] 10433 10028 10090 1087 tos01 109.19 ssf sis] 1013s tousé 1057110530 10679 10799 12}Deme Bitumen Macadam (DRM) 776] 18090 16139 16395 17018 A7OI1 16211 ssftine ors] 1064s tons2 10858 11408 1084111247 aera 4798] 1245512430 12618 12950 18084 18054 suf and elated Eien 833] 10198 fo498 10510 1066s toss T0728 15]conre riser 105] 9934 10007 102481088 1088810897 16ffscvators sss] 1osoz tou19 1062510556 10531 10672 17) oe grates sez] 11885 11960 1196s 120411216 12238 18] Compressors and Viens z24| 10705 10545 1045010478 10487 105,59 gupment 2689 10959 10909 10997 1104211070 11154 1ofrransprt 430] 10843-10856 1091310819 10361 109.29 20} uc and cas soz] 11925 12551 12859 18878 1817012945 [reaper rel an abc gst] 11425 t6s2 11961 WigT 12151 12014 2fcanals 180] toeoe tora 10858 11007 tHoo7 11188 22) Wchnan and ele workers t90] tosi9 tea nst 1216216231 2labostonytechrlogi and Dre zit] to2sd 10474 10688 10638 10638 10682 2} machine plant operas dee ssz| 10129 1059 10667 1076s © H076 10838 2s carpente/Puiner/ Welker Mesharie us] 10544 10633 1088410901 to901 14022 2st age Survece aziz] 10ss1 10840 10840 10907 | t0a07 11005 27) ascn/orenan s4s| 10761 10789 10794 10799 10808 10808, To taut rer | 1052810728 10794 108s: 10852 10926 [ii Eginering Cam inde yoo] 1629 166s 11816 12078 1208412091, Sin Macdonald G. Obudho, PhD, EBS, MBS. DIRECTOR GENERAL 6lPage

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