Stability in Civil Engineering Commodity Prices

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By Tatenda Mujeyi

HARARE – The Zimbabwean Civil Engineering material prices reflected a positive following the stabilization of prices with the 7% increase experienced in October having greatly receded to just over 2 % in November, reflecting an over 200% positive in material prices stability.

“The month-on-month Civil Engineering Plant Price Index #CEPPI rate of change stood at 2.48 percent in November 2021 shedding 14.00 percentage points on the October 2021 rate of 16.48 percent. This means that prices as measured by the all-items Civil Engineering Plant Price Index #CEPPIincreased at an average rate of 2.48 percent from October 2021 to November 2021. Month-on-month Civil Engineering Material.” The November Civil Engineering material prices statistics by ZIMSTAT showed.

As compared to the October statistics that showed that, “Price Index #CEMPI rate of change stood at 7.31,Percent in October 2021 shedding 0.77 percentage Points on the September 2021 rate of 8.08 percent.” The fall in material prices can be realised.

According to the Zimstat monthly presentation“The group of products that have contributed to the rise in the index in November 2021 were Excavators, Loaders, Rollers, Dozers, Graders, Tractor-Loader-Backhole, Others, Ground-Engaging-Tools and General Usage. This means increase in prices were observed in November 2021 on the above group of items as shown.”

On the other hand, prices in undercarriage, drive trains, engines and hydraulics contributed to a decrease in prices as they recorded no changes between the two months October and November.

Compactors did not contribute to the rise or fall of the index as their prices did not change between the two months. The group of products that have contributed to the decrease in the index in November 2021 were Hydraulics, Engine, Undercarriage and Drive Train. This means decreases in prices were observed in November 2021 on the above group of items as shown on page 4.

On a year on year performance, the prices realised a close to 100% increase deconstructing the negative position that the economy is on free fall and hyperinflationary.

“The year-on-year Civil Engineering Plant Price Index #CEPPI rate of change stood at 95.53 percent in November 2021. This means that prices as measured by the all-items Civil Engineering Plant Price Index #CEPPI increased at an average rate of 95.53 percent from November 2020 to November 2021.” The Zimstat monthly data sheet showed.

With the second republic requiring support from all parties to realise the open for business mantra, Vision 2030 and the Sustainable Development Goals, it remains to fair pricing models and low inflationary pressures that the country can succeed.

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