Construction price index increased sharply due to fluctuations in steel and cement prices
COVID-19 has had a significant impact on the real estate market. The impact of fluctuations in raw material prices has caused the growth rate of the construction industry to gradually slow down.
According to the economic report for the third quarter and the first 9 months of 2022 published by the General Statistics Office, the consumer price index in September only increased slightly by 0.4% compared to the previous month due to increased prices of essential consumer goods and services. increase.
This mainly comes from the price of cement, iron, steel, and sand increasing according to the price of raw materials and raw materials.
Specifically, in the group of raw materials and materials used for construction, the group of petroleum processing raw materials including asphalt, plastic, diesel oil, lubricant oil... increased by 48.9% over the same period last year. Electrical system installation services, water supply and drainage systems increased by 13.37%.
Similarly, cast iron, iron and steel products increased by 11.1% over the same period in 2021.
