Construction material costs rise in August 2026

The Statistical Service of Cyprus reported that the Construction Materials Price Index reached 123.09 points in August 2026, based on a 2021 index of 100. This reflects a marginal monthly increase of 0.07% compared to July 2026, while the year-on-year increase compared to August 2025 reached 3.39%. For the eight-month period from January to August 2026, the index recorded an overall increase of 2.06% compared to the same period in 2025.

Significant price hikes were observed across major product categories. Specifically, metal products increased by 4.60%, while wood, insulation, chemical, and plastic products also rose by 4.60%. Furthermore, electromechanical items saw an increase of 3.58%, minerals grew by 2.67%, and mineral products rose by 1.35%.

Analysts attribute these inflationary pressures primarily to the prolonged geopolitical crisis in the Middle East. This conflict has led to increased energy costs and higher shipping freight charges, which continue to drive up the overall cost of construction materials.