• ABOUT US
    • History
    • Our Team
    • Advertising
    • Subscription
  • CONTACT US
Georgia Today
No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
No Result
View All Result
Georgia Today
No Result
View All Result

Geostat: Construction cost increases by 0.8% in October

by Mariam Razmadze
December 6, 2024
in Uncategorized
Reading Time: 1 min read
Geostat: Construction cost increases by 0.8% in October

Photo: Claris Design Build.

The National Statistics Service (Geostat) published the CCI, the Construction Cost Index, revealing an increase of 0.8% in October 2024.
The most important factors contributing to this increase are as follows:

  • A 4.4% rise in average monthly nominal wages in the construction sector, which added 0.7 percentage points to the overall CCI change.

Compared to the same period last year, the CCI rose by 6.8% year-over-year, with the driving forces being:

  • A 31.5% rise in construction sector wages, contributing 5.07 percentage points.
  • A 3.2% increase in construction material prices, contributed 1.96 percentage points.

The CCI has also increased significantly compared to February 2022, illustrating a continuous positive trend in construction expenses.

Tags: Construction cost indexGeostat
ShareShareTweet

Related Posts

Kylie Jenner wears George Keburia in her new campaign
Uncategorized

Kylie Jenner wears George Keburia in her new campaign

May 19, 2025
New Pope, Leo XIV: God loves us all, unconditionally
Highlights

New Pope, Leo XIV: God loves us all, unconditionally

May 8, 2025
Habemus Papam…Bishop Robert Prevost Named Pope
Highlights

Habemus Papam…Bishop Robert Prevost Named Pope

May 8, 2025

Recommended

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

3 weeks ago
Experience Seamless Connectivity with Silknet eSIM in Georgia

Experience Seamless Connectivity with Silknet eSIM in Georgia

11 months ago
Champion Karateka Luka Khvedeliani on the Benefits of Georgian Karate for Georgia’s Youth

Georgia to Celebrate First Europe Day with European Union Candidate Status

1 year ago
Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

3 years ago
Natia Mezvrishvili on Dealing with 2 Political Giants

Natia Mezvrishvili on Dealing with 2 Political Giants

3 years ago
Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

3 years ago
GT Interview with Giorgi Badridze

GT Interview with Giorgi Badridze

3 years ago
Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

3 years ago

Navigation

  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

Highlights

MIA: Nika Melia detained on administrative charges

Ukraine Latest: Drones, Drills, and Diplomacy

British Journalist Barred from Georgia after Investigating Links to Sanctioned Russian Oligarch

The Blooming Electric Now: How DOCA Film Club’s ‘New Georgian Films’ Program Captures a Nation Mid-Transformation

ZEG Festival returns to Tbilisi with future-focused storytelling

Giorgi Bachiashvili: Ivanishvili’s orders led to my kidnapping and 2 days blindfolded

Trending

Experience Seamless Connectivity with Silknet eSIM in Georgia
Business & Economy

Experience Seamless Connectivity with Silknet eSIM in Georgia

by Georgia Today
June 26, 2024

Why Silknet's eSIM could be your top choice in Georgia  Since its introduction, eSIM technology has become...

Photo by the author

Virtuosity and Versatility: Marc-André Hamelin Opens Tbilisi Piano Festival 2024

May 30, 2024
  • Where.ge
  • Newspaper
  • GEO
  • Magazine
  • Old Website

2000-2024 © Georgia Today

No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

2000-2024 © Georgia Today