Oil pushes construction material prices up
 

Construction material prices showed a significant increase in April 2005, according to the relevant data released on Monday. Specifically, prices showed an increase of 6.2% compared to April 2004, while prices in March and February had recorded an increase of 6.3% and 7.9% respectively. This slowdown in April pushed the total increase in January-April down to 7.78% against the corresponding period of 2004.

Increased prices are mostly attributable to the sharp increase in the cost of oil products, which stood at 42%! The increase in the price of timber products dropped to 4.9%, chemical products to 5.6% and industrial products to 5.6%. Electrical goods prices slipped 0.2%.