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Without public works, the cost of construction was relegated compared to the CPI


February 19, 2024 – 16:21

The construction cost index in Greater Buenos Aires rose 15.5% in January compared to an inflation of 20.7% in the first month of the year.

worry. In the northern provinces they received with alarm the possibility of definancing public works and warned of possible layoffs and unemployment in areas such as construction.

He construction cost index in Greater Buenos Aires (ICC) rose 15.5% in the first month of the year, as reported this Monday afternoon by the Institute of Statistics and Censuses (INDEC)while the inflation of the same month was located in 20.7%. In this way, it positioned itself 5.2 percentage points (pp) below the price variation.

This advance was the result of an increase in 13.2% in “Materials“, of 19.3% in the cost of “Labor” and of 15.2% in “General expenses”.

However, in the year-on-year comparison the construction cost climbed 251.5% while the Consumer Price Index (CPI) In that same period of time it stood at 254.2%, about 2.7 pp above the ICC.

News in development…





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