In January construction costs increased by 0.1 %


Data of the Central Statistical Bureau (CSB) show that, compared to December 2015, in January 2016 level of construction costs in Latvia grew by 0.1 %. Maintenance and operational costs of machinery and equipment went up by 0.6 %, labour remuneration of workers – by 0.5 %, whereas prices of building materials decreased by 0.3 %.

Compared to January of the previous year, construction costs declined by 1.2 %. Prices of building materials fell by 4.6 %, labour remuneration of workers rose by 5.8 %, and maintenance and operational costs of machinery and equipment grew by 0.5 %.

Construction Cost Indices

In 2016, data on prices of construction resources are provided by about 180 construction enterprises and 30 trade enterprises. Construction Cost Index calculations are based on the prices of building materials submitted by the enterprises for the calculation of producer price indices in industry and import price indices.

The sample includes construction enterprises with the highest value of own account construction works in 2015. The share of enterprises with the value of own account construction work exceeding EUR 1 million per year accounted for 74 %, in 33 % of which the value of own account construction work exceeded EUR 5 million per year. The criterion for the sample of trade enterprises is their turnover and specialisation.

More information on construction costs is available in the CSB database section Producer Prices. Data on changes of construction costs in February 2016 will be published on 29 March.


Media requests:
Beate Danusēviča, Kristīne Romanovska
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Tel.: + 371 67366924, + 371 67366621, + 371 27880666


More information on data:
Anita Merca
Producer Price Indices Section
E-mail: Anita [dot] Merca [at] csb [dot] gov [dot] lv
Tel.: + 371 67366813