Queretaro, Qro. The prices of materials for the construction industry report increases of even double digits, resulting in an average increase of up to 10% in the final cost of the works, according to records of the Mexican Chamber of the Construction Industry (CMIC). ) Queretaro.
During 2021, this sector experienced an inflation of 17% in materials, a behavior that this year could close at 15%, estimated the local president of CMIC, Óscar Hale Palacios.
While general inflation in the country is around 7.7%, in construction materials between 10 and 15%, maintaining constant increases.
According to the builder, the upward trend could continue until the end of 2023, so they do not project a stabilization in the short term.
From December 2021 to March 2022, the price of structural steel rose 30%; however, materials such as PVC pipes increased their price by 5% in just one month.
The increase in the final costs of the works varies according to the type of project and the materials that are required; however, in a building work, which is 100% made of steel, the increases can exceed 30% because it is the increase that this material has had
The work budgets that are currently generated could depreciate up to 12% at the end of the year, due to the increase in costs that is expected to continue in the coming months; Works lasting six to eight months will be subject to these constant changes in input prices.
Of the total cost of a work, on average 50% corresponds to materials; however, it is estimated that around 80% of the total supplies have been impacted by inflation.
The increase in the prices of materials began to suffer from 2021, after the first year of the pandemic.
The state president of the CMIC stressed that supervisors of both public and private works must be aware of the behavior of inflation and its impact on the final cost of the works, so that they accept to include escalations, that is, increases in prices. during the development of the works.