Construction Input Price Indices for Third Quarter 2023

Abstract

The Kenya National Bureau of Statistics hereby releases Construction Input Price Indices (CIPI) for the third quarter of 2023. The CIPI comprises of the Building Cost Indices, Civil Engineering Cost Indices, the Overall Construction Cost Indices and construction inflation as shown in Tables 1, 2, 3 and 4, respectively. The indices were generated from price data collected from a representative sample of outlets of construction inputs. The data is collected quarterly, with reference to the 15th day of the mid-month of the quarter. The cost of construction Year on Year (YoY)inflation increased by 2.71 per cent from an increase of 6.9 per cent recorded in a similar period in 2022 as shown in Table 1 and 2. Almost all construction material indices increased except for paints, sanitary fittings, water fittings, water waste appliances and electrical fittings which dropped by 0.7 per cent, 1.0 per cent, 0.2 per cent, 2.0 per cent and 0.8 per cent to 108.53, 112.37, 113.78, 101.40 and 104.57, respectively, in quarter 3 2023. The index of cement and Steel and reinforcement bars went up by 0.5 per cent and 1.6 per cent, respectively, from the second quarter to the third quarter of 2023. The index of hardcore, dense bitumen macadam, metal doors and windows all went up by 1.6 per cent. Meanwhile, the transport and fuels index, increased by 3.0 per cent within the same period under consideration. The construction labour wages index increased slightly by 1.0 per cent from 108.44 to 109.55 in Q3 2023. The equipment index also increased from 106.26 in Q2 to 107.08 in Q3 2023.