Kenya Construction Input Price Index First Quarter 2022

Abstract

Kenya National Bureau of Statistics hereby releases Construction Input Price Indices (CIPI) for the first quarter of 2022. The CIPI comprises of the Building Cost Indices, Civil Engineering Cost Indices and the Overall Construction Cost Indices as shown in tables 1, 2 and 3, respectively. The indices are generated from price data collected from representative sample of outlets of construction materials. The data is collected quarterly with reference to the 15th day of the mid-month of the quarter. The building cost indices increased by 7.5 per cent from 104.23 in the fourth quarter of 2021 to 112.05 in the first quarter of 2022. This was mainly due to increases in the price of BRC wire mesh and steel reinforcement bars, hardcore, paving blocks, and cement. The civil engineering cost indices increased by 5.0 per cent from 108.06 in fourth quarter of 2021 to 113.56, in the period under review. Notably, the increase is attributed to the increase in the price of BRC wire mesh and steel reinforcement bars, bitumen products, concrete products, fuel products. In addition, there were increases in the hiring of rollers and excavators in the 1st quarter of 2022. The overall construction cost indices increased by 6.2 per cent from106.12 in the fourth quarter of 2021 to 112.65 in the first quarter of 2022.