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Comparing the current prices of building materials and the cost of building materials in Nigeria as at November 2024 we find that in the main prices have remained unchanged This is contrary to the commonly held belief that prices are going up because of the adverse economic situation in the country The prices of building materials

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Overall construction materials prices increased percent in April and are up percent year over year according to the May 14 Producer Price Index released by the Department of Labor Nonresidential construction material prices were up percent for the month and are percent higher than the same time last year

The cost of construction has not gone up significantly in the last three months Comparing the current prices of building materials see next two pages and prices

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