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Sector price rises gained further force in November at 0.5 percent, according to the Brazilian Index of Construction Market Costs (Índice Nacional de Custo da Construção – Mercado, INCC-M) – compared to 0.2 percent in October.  Up until November, the INCC-M accumulated a total increase of 7.21 percent in 2011 and 7.84 percent over the previous 12 months.

Labour costs have been rising under wider staff pressures (for example, the recent strike that occurred in Pernambuco) at 0.16 percent in October and 0.73 in November.  Prices of materials, equipment and other construction related services also rose by 0.25 percent in October and 0.27 percent in November.

Looking at specific costs, the most notable increases were seen for the contraction of specialised assistants (0.81 percent), labourers (0.95 percent) and masons (0.75 percent).  Declines in were seen in the cost of electrical conductors (-1.31 percent), metal iron and steel fittings (-0.27 percent) and wood skirting material (-0.77 percent).