In May 2025, Georgia's Construction Cost Index (CCI) rose by 0.2% compared to the previous month and by 5.0% year-on-year.

Segment Highlights:

• Residential construction costs increased by 0.3% from April and 8.9% compared to May 2024.

• Non-residential construction saw a 0.7% monthly decline but posted a 1.6% annual increase.

• Civil engineering projects rose by 0.5% month-on-month and by 2.2% year-on-year.

The monthly increase was primarily driven by a 0.3% rise in construction material prices, contributing 0.18 percentage points to the total index growth.

On an annual basis, the 5.0% rise in the CCI was largely attributed to:

• A 17.8% increase in average monthly nominal wages in the construction sector (adding 3.62 percentage points).

• A 2.0% rise in construction material prices (adding 1.23 percentage points).

Since February 2022, the overall Construction Cost Index has increased by 23.1%.