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Michael Tome-Business Reporter
A wave of price increases swept across the local housing construction sector, the Zimbabwe National Statistics Agency (ZimStats) March to June Building Material Price Index (BPMI) reveals.
ZimStats BPMI quarterly rate of change between March and June 2021 was 8.68 percent gaining 2.32 percentage points on the March rate of 6.36.
A range of building material prices except for bricks modestly rose between March and June 2021.
This was a modest rise in prices, which is directly corresponding to fairly stable foreign exchange rates and inflation that have been obtaining in the economy since the beginning of the year.
On the other hand, the year on year BPMI rate of change stood at 54.43 percent in June 2021.
Cement, aggregates and allied building material index encompassing cement, rivers and, crushed ¾ stones and building lime dominated the price shifts moving up by 17, 54 percent.
There was significant upward changes in price for pit sand and cement which grew by 29, 16 and 19, 74 percent respectively. Electrical goods and material index stood at 14, 66 percent between March and June. In this category electrical cables and switch boxes recorded significant price shifts upwards at 22.41 and 21.07 percent respectively while water heaters (wall type) and distributor boxes prices remained motionless at 0.00 percent.
Vinyl tiles were significant movers in the flooring material segment, which raised by 14, 32 percent while parquet blocks prices did not move.
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