The Cost of Construction Increased Less than 1 per Cent Thanks to the Sharp Fall in Wages

The cost of construction rose 0.5 per cent in April against inflation of 2.8 per cent. The tenuous rise is explained almost entirely by the fall in wage labour that had a nominal drop of 2.6 per cent. The rate of construction cost (ICC) in Gran Buenos Aires rose 0.5 per cent in April, compared with inflation of 2.8 per cent in the same month, that is, it dropped 2.3 percentage points (p.p.), according to the National Institute of Statistics and …

The cost of construction rose 0.5 per cent in April against inflation of 2.8 per cent. The tenuous rise is almost entirely explained by the fall in wage labour that had a nominal drop of 2.6 per cent.