September 28, 2022

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Price hikes hit the construction industry.  "It's been so bad for so long"

Price hikes hit the construction industry. “It’s been so bad for so long”

The construction industry, especially contractors, has been operating in an unstable economic environment for two years as a result of, inter alia, the pandemic and Russia’s attack on Ukraine – “Pols Besnesou” reports Friday. He reported that the consulting and engineering firm CCM prepared a report on the impact of the war in Ukraine on increasing implementation costs. construction investments In Poland, which shows an increase in prices for raw materials and building materials.

From the beginning of the armed aggression of the Russian Federation against Ukraine until April 25, the price increase exceeded 90%. Practically everything used in construction is becoming more and more expensive. Bad as it has been for a long time. The level and dynamics of price changes have not been observed for many years. The upward trend continues, and there is still a long way to go to stabilize prices and the situation in the market – says MichaƂ Lempkowski of CCM, citing “PB”.

The newspaper reported that CCM analyzes show that the prices of steel products (up 61%), natural gas (44%) and electricity (36%) in this period. Company representatives also emphasized the increase in prices for other energy resources, noting that on March 8, for example, coal was more expensive by up to 90 percent. than it was before the war. They noted that the construction industry has been hit particularly hard by the price hikes Crude oil and related increases in prices for asphalt and motor fuels.

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