BAKU, Azerbaijan, March 14. Georgia’s
Construction Cost Index (CCI) decreased by 4% in January 2026
compared to the previous month while increasing 4.3% year-on-year,
Trend reports, citing
data from the National Statistics Office of Georgia (Geostat).
According to the data, the residential construction segment
index fell by 4.8% month-on-month but rose 3.5% compared to January
2025. The non-residential segment decreased by 1.9% month-on-month,
while posting a 17.7% year-on-year increase. The civil construction
segment declined by 4.1% month-on-month and grew 0.9%
year-on-year.
Geostat observed that the monthly downturn in the index was
primarily influenced by a 24.5% drop in the average monthly nominal
wages of workers in the construction sector, which accounted for
-4.38 percentage points of the total variation.
The yearly expansion of the index was primarily linked to an 18.8%
surge in construction sector wages and a 4.8% uptick in other
expenses, adding 4.82 and 0.31 percentage points, respectively.
In summary, the construction cost index saw a surge of 24% relative
to February 2022.
