THE local construction sector’s Building Materials Price Index (BMPI) declined by 5,3 percentage points during the quarter to December 2021, says the Zimbabwe National Statistics Agency (Zimstat).
This means the prices of building materials declined during the period under review from 13,8 percent in September to 8,5 percent in December last year.
“The year-on-year Building Material Price Index #BMPI rate of change stood at 42,7 percent in December 2021. The #BMPI for the month ending December 2021 stood at 2 209,97 compared to 2 036,48 in September 2021 and 1 548,21 in December 2020,” Zimstats said in a trading update last week.
These developments came on the back of a surge in individual housing construction and private sector-led infrastructural development in the country. The property sector has however, been subdued during the period under review due to the negative effects of Co
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