The Overall Material Costs Index in the Construction (CSTM) of New Residential Buildings with base year 2015=100.0 in May 2022 recorded an increase of 11.4% in comparison with May 2021, according to latest data released by the Hellenic Statistical Authority (ELSTAT).
The corresponding index in May 2021 had recorded an increase of 3.0% compared with May 2020.
The Overall Index in May 2022, compared with the corresponding index in April 2022, recorded an increase of 1.1%. The index had recorded an increase of 0.7% between May 2021 and April 2021.
The average Index for the twelve-month period from June 2021 to May 2022, compared with the corresponding index for the twelve-month period from June 2020 to May 2021, recorded an increase of 7.3%. The comparison of the twelvemonth average Material Costs Index in the corresponding previous twelve-month periods had recorded an increase of 0.4%.
Annual rates of change: May 2022 compared with May 2021
The Overall Material Costs Index in the Construction of New Residential Buildings in May 2022, compared with the corresponding index in May 2021 recorded an increase of 11.4% (Table 1). The main changes in the individual costs indices of the material categories are as follows:
Monthly rates of change: May 2022 compared with April 2022
The Overall Material Costs Index in the Construction of New Residential Buildings in May 2022 recorded an increase of 1.1% in comparison with the corresponding index in April 2022 (Table 2). The main changes in the individual costs indices of the material categories are as follows: 
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