Prices in construction materials moderated their rise in September

During last September, the materials which are used for building they moderated their rise in prices and some even regressed with respect to the trend they have presented during this year.

Last Friday, the National Institute of Statistics and Geography (Inegi) announced the National Producer Price Index (INPP) of last September, where the sub-indicator referring to the construction materials represented an increase of 13.17% and thus link 20 consecutive months with double-digit annual increases.

“The INPP is an economic indicator that measures the evolution of prices of a fixed basket of goods and services representative of national production. It integrates a set of price indices that make it possible to measure the variation in the prices of goods and services by sectoral origin of production and according to their destination, in terms of intermediate and final goods.

Despite these records, the subindex of building materials moderated its advance compared to last August, since in that month the increase compared to the same period of 2021 was 14.71%, for which said indicator fell 0.97% in September of this year.

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Although almost all construction materials they maintained a constant growth in their prices, the products derived from the wire saw a decrease compared to what was presented in recent months.

According to the wire products indicator, this had an advance of 7.27% in September compared to the same month of 2021, when in August the annual increase was 9.26 percent.

Meanwhile, said indicator fell 2.28% last September compared to a previous month. Here are the annual variations that each product derived from the wire had:

• Rod 11.61%.
• Wire and rod 4.67%.
• Armed castles -3.68%.
• Steel mesh -3.62%.

Regarding the subscript rental of machinery and equipmentthis had a growth during last September of 5.64% in its annual measurement, while the remuneration sub-indicator in the construction sector presented an advance of 6.95% compared to the same period of 2021.

hikes moderate

Regarding the general INPP, it decreased in September 0.34% at the monthly rate and increased 8.63% at the annual rate.

“At a monthly rate and by groups of economic activities, the prices of primary activities rose 0.51%, those of tertiary activities, 0.53%, and those of secondary activities fell 0.83 percent,” highlighted the Inegi.