Construction material prices in Cyprus continued to rise, with the price index of construction materials showing both monthly and annual increases in March, according to a report from the state statistical service (Cystat).

Specifically, the statistical service reported that the price index reached 119.91 units in March 2026, based on 2021 as the benchmark year set at 100 units, reflecting ongoing changes in construction costs.

When compared with the previous month, the index recorded a monthly increase of 0.52 per cent, indicating a continued but moderate upward trend.

On an annual basis, the index rose by 0.93 per cent compared with March 2025, pointing to sustained price pressures in the sector.

Across the main commodity categories, the most notable increase was observed in electromechanical products, which rose by 2.44 per cent year-on-year.

Prices for products of wood, insulation materials, chemicals and plastics increased by 1.44 per cent, reflecting broader cost movements in essential construction inputs.

At the same time, minerals recorded an increase of 1.40 per cent, contributing further to the overall rise in the index.

More moderate increases were seen in metallic products, which rose by 0.46 per cent, and mineral products, which edged up by 0.04 per cent.

For the first quarter of 2026, covering the period from January to March, the index recorded an overall increase of 0.87 per cent compared with the same period of 2025, confirming a steady upward trend in construction material costs.