Construction cost index increased by 2.2%

Yesterday, the INDEC released the Construction Cost Index (CCI), which reflected a 2.2% increase in July, as a result of the 5% rise in the “Materials” item and the 1.9% increase in “General Expenses”, while the “labour” item registered no change. In the annual accumulated, the ICC had a rise of 39.8%, below the inflation of the same period, which was 42.4%. The evolution also lagged behind the increase of the official dollar, which climbed by 60% in the same period.

Source: Ámbito