In July 2024 vs. July 2023, the price dynamics amounted to minus 0.9%. In the retail channel, the price decrease was -1.7%, while in the wholesale channel, prices increased by +0.2%.
Comparing July 2024 to June this year, the average price of materials changed by only +0.1%. Analyzing the data cumulatively (for the period January-July 2024 to 2023), their dynamics remain at minus 2.5%.
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What were the prices of construction materials in July 2024 vs July 2023?
Prices of goods in July 2024, compared to July 2023, increased in 6 product groups: OSB boards, wood and cement, lime (+5% each), paints, varnishes and walls, chimneys (+2% each), automotive and home surroundings (+0.4% each). Prices in the construction chemicals category remained unchanged. Prices dropped in 13 categories.
Prices dropped by up to 1% in the following groups: decorations, installations, heating, equipment, household appliances, joinery and thermal insulation.
In the following groups, the decreases were as follows: tiles, bathrooms, kitchens, waterproofing and tools (-2% each), lighting, electrics (-3%), garden and hobby (-4%), dry construction and roofs, gutters (-5% each). The biggest decrease occurred in the finishing category (-7%).
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Construction Material Prices July vs June 2024
Product prices in July 2024, compared to June this year, increased in 10 product groups. In these categories, prices increased by up to 1%: tiles, bathrooms, kitchens, home surroundings, roofs, gutters, waterproofing, decorations, construction chemicals, installations, heating, tools, lighting, electrics and garden, hobby. Prices in the equipment, household appliances group remained unchanged.
In 8 groups, prices dropped by up to 1%: walls, chimneys, paints, varnishes, cement, lime, dry construction, joinery, automotive, finishing and OSB boards, wood. The biggest price drop occurred in thermal insulation (-1.3%).
Dynamics of prices of construction materials in July this year Source: PSB
Construction material prices from January to July 2024 vs. the same period in 2023
However, for the period January-July 2024 vs the same period in 2023, prices increased in 3 product groups, with the largest increase in cement, lime (+5%), and a 3% increase in the prices of paints, varnishes, and 1% in construction chemicals. Prices in the automotive category remained unchanged.
Meanwhile, price drops occurred in 16 categories. Prices dropped by up to 1% in the following groups: joinery and equipment, household appliances. Next in line were: decorations, installations, heating and tiles, bathrooms, kitchens (-2% each), tools, walls, chimneys, waterproofing, home surroundings and lighting, electrics (-3% each), garden, hobby (-4%), thermal insulation (-5%), dry construction and finishing (-6% each) and roofs, gutters (-7%). And the biggest price drops occurred in OSB boards and wood (-13%).
