Ver Angola


Construction material prices remain high. Wood and plywood saw the biggest increases

The prices of construction materials remain high, with the year-on-year rate of change in the Construction Materials Price Index (IPMC) standing at 11.3 percent. In year-on-year terms, the list of materials that saw the biggest price increases is led by wood and plywood.


In monthly terms, the variation was 1.3 percent in August this year compared to July, according to IPMC, to which VerAngola had access. "The Construction Materials Price Index (IPMC) showed a variation of 1.3 percent in August 2023 in relation to the month of July 2023, meaning there was an increase of 0.1 percentage points in relation to that recorded the previous month."

The "year-on-year variation rate of the IPMC, August 2023 in relation to August 2022, stood at 11.3 percent", adds the document.

Regarding homologous variations in material groups, wood and plywood stand out. "In year-on-year variations, among the groups of construction materials, 'Wood and Plywood' were the ones that recorded the biggest price increases with 17.6 percent each", says the IPMC.

Next is 'Ready-mixed Concrete' (16.4 percent), 'Piping and Plastic Accessories' (15.4 percent), 'Steel' (14.4 percent), 'Crushed Stone and Marble' (14.1 percent) and 'Areia' (13.6 percent).

The list also includes 'Synthetic Products' which had a variation of 13.2 percent, 'Glass and Glass Articles' with 12.9 percent, while 'Blocks' and 'Beams, Joists and Laths' had a variation of 10.0 for each. 'Cement and binders' registered 7.9 percent, 'Other synthetic products" with 7.7 percent, 'Bricks' with 6.6 percent and "Aluminum" with 5.6 percent.

"The groups of materials that contributed most to the variation in the IPMC in August are: 'Steel' with 0.6 percentage points, followed by 'Ready-mixed concrete' and 'Cement and binders' with 0.2 percentage points each and 'Pipes and Plastic Accessories' and 'Blocks' with 0.1 percentage point each", IPMC also states.

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