Kenya Construction Input Price Index Second Quarter 2023

Abstract

The Kenya National Bureau of Statistics hereby releases Construction Input Price Indices (CIPI) for the second 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 overall construction cost index rose by 0.46 per cent between quarter 2 of 2022 and quarter 2 of 2023 as shown in Tables 1 and 2. The overall cost index rose by 0.21 per cent from 114.76 in the first quarter of 2023 to 115.00 in the second quarter of 2023. The index of cement and ballast went down by 5.15 per cent and 0.18 per cent respectively in the quarter. There were notable increases in the retail prices for super petrol, diesel and kerosene which are key in construction which pushed up the index of transport and fuel by 0.84 and 3.60 per cent,