In February 2023 the Construction Cost Index (CCI) decreased by 0.9 percent compared to the previous month.

The change was mainly due to a 5.7 percent decrease in average monthly nominal wages of employees in the construction sector, which contributed -0.9 percentage points to the total index change.

Compared to February 2022 the CCI increased by 4.7 percent. The latter was largely caused by the 5.4 percent increase in the prices for construction materials, which contributed 3.09 percentage points to the total index change.