Building materials price fluctuation

Abstract

Prices of building materials increased more frequently with larger magnitudes in 1990 than in 1989. The increases varied between 0-22% in 1989 and 1-90% in 1990. This is according to the survey carried out in the Joint Building Councirs (JBC) fluctuation price list for Nairobi zone. The survey further reveals ~hat while prices of some building materials did not increase in 1989, the price~of nearly all building materials increased in 1990. The price of cement increased twice in 1990, with 10% in April and 1% in June.· The overall increase was 11%. In 1989, the increase was once, by 10% which is slightly less than the increase in 1990.