Friday, November 26

The cost of construction climbed 3.9% last month

The cost of construction registered a rise of 3.9% in October, being above the inflation figure for that month, and accumulated a rise of 42.9% in the year, according to the INDEC yesterday. The increase was the consequence of an increase of 3.5% in the heading “Materials”, 4.4% in “Labor” and 3.6% in “General expenses”. Since last December, the indicator has increased by 42.9%, slightly above the 41.8% variation in retail prices in that period.

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