Over the year, the level of construction costs grew by 2.0 %

Data of the Central Statistical Bureau show that in January 2025, compared to January 2024, the level of construction costs in Latvia increased by 2.0 %. Labour remuneration of workers increased by 5.8 %, maintenance and operational costs of machinery and equipment by 3.2 %, while prices of building materials fell by 0.5 %.

In January 2025, compared to December 2024, the level of construction costs rose by 0.7 %. Maintenance and operational costs of machinery and equipment rose by 1.1 %, labour remuneration of workers by 0.6 %, but prices of building materials by 0.5 %.

In January, the average level of construction costs was mostly affected by growth of maintenance and operational costs of machinery and equipment of trucks, semi-trailers and excavators. The increase in labour remuneration of workers was affected by the Amendments to the General Agreement of the Construction Industry adopted on the minimum monthly wage in the construction sector, which entered into force on1 January 2025.

Information on changes of construction costs in February 2025 will be published on 27 March.

Methodological information

The Construction Cost Index (CCI) aims to reflect average trends in the prices of construction resources. The CCI is input price index it presents price changes for the main types of resources invested in the construction

In 2025, the data on prices of construction resources are provided by approximately 225 construction enterprises and more than 40 trade enterprises. When calculating the Construction Cost Index, the prices of building materials submitted by enterprises for the calculation of producer price indices in industry and import price index are also used. Additionally, registered consumer prices of building materials are used in calculations.

The sample includes construction enterprises with the highest value of own account construction works in 2024. The share of enterprises with the value of own account construction work exceeding EUR 1 million per year accounted for 87.1 %, in 31.6 % of which the value of own account construction work exceeded EUR 5 million per year. The criterion for the sample of trade enterprises is their turnover and specialisation.

In 2025, the weights used in the calculations of construction cost index have been updated, reflecting the value and structure of own account construction works done in 2024 by construction enterprises. Each year, the weights are recalculated at prices of December of the previous year.

More information on construction cost indices in Latvia is available in the official statistics portal section Reference metadata.

Media requests:
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E-mail: media@csp.gov.lv
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More information on data:
Ļubova Ņemsadze
Producer Price Indices Section
E-mail: Lubova.Nemsadze@csp.gov.lv
Phone: +371 67366783