RRCB2503
During a year prices of building materials reduced by 0.9 %
Data of the Central Statistical Bureau show that in February 2025, compared to February 2024, the level of construction costs in Latvia increased by 1.8 %. Labour remuneration of workers increased by 6.0 %, maintenance and operational costs of machinery and equipment by 3.0 %, while prices of building materials fell by 0.9 %.
In February 2025, compared to January, the level of construction costs didn’t change. Prices of building materials fell by 0.2 %, labour remuneration of workers increased by 0.2 %, maintenance and operational costs of machinery and equipment didn’t change.
In February, overall level of construction costs was affected by the decrease in prices of sand. Labour remuneration of electricians, building finishers (roofers, plasterers, sanitary technicians and others), as well as concrete workers and workers of related professions had an increasing impact.
Information on changes of construction costs in March 2025 will be published on 29 April.
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.
More information on construction cost indices in Latvia is available in the official statistics portal section Reference metadata.
Media requests:
Public Relations Section
E-mail: media@csp.gov.lv
Phone: +371 27880666
More information on data:
Ļubova Ņemsadze
Producer Price Indices Section
E-mail: Lubova.Nemsadze@csp.gov.lv
Phone: +371 67366783
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