Construction costs in Türkiye soar over 70% annually
13 oC
13 oC
Güneşli
13 oC
Güneşli
The Turkish Statistical Institute released a statement on Wednesday revealing a significant increase in the construction cost index (CCI).
The CCI saw an annual increase of 71.80% and a monthly increase of 2.12% in April 2024.
The material index rose by 2.71% compared to the previous month, while the labour index saw a smaller increase of 0.99%. When compared to the same month of the previous year, the material index and labour index increased by 57.21% and 109.73% respectively.
The building construction cost index also saw a substantial rise, with an annual increase of 70.50% and a monthly increase of 2.14%. The material index for this sector increased by 2.77% compared to the previous month, while the labour index increased by 0.99%. Year-on-year, the material index and labour index increased by 55.12% and 109.13% respectively.
In the field of civil engineering, the construction cost index increased by 76.18% annually and 2.05% monthly. The material index increased by 2.52% compared to the previous month, and the labour index increased by 1.01%. Compared to the previous year, the material index and labour index increased by 63.94% and 111.96% respectively.
These figures highlight the rapid growth in construction costs across the board, impacting both building construction and civil engineering sectors. The Turkish Statistical Institute continues to monitor these trends closely. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Gold prices smashed historical records on Monday, climbing above $4,400 per ounce for the first time, as investors flocked to safe-haven assets amid expectations of further US interest rate cuts and persistent global uncertainty.
Türkiye’s Non-Domestic Producer Price Index (ND-PPI) rose by 31.19 percent year-on-year in November 2025, while recording a monthly increase of 1.02 percent, the Turkish Statistical Institute (TurkStat) said on Monday.
Türkiye’s consumer confidence index declined in December, reflecting a more cautious outlook among households, the Turkish Statistical Institute (TurkStat) said in a statement on Friday.
Türkiye’s short-term external debt stock edged down in October, declining by $21 million from the previous month to $165.7 billion, according to data released by the Central Bank of the Republic of Türkiye (CBRT).
