Overview
- INDEC reported monthly gains in December of 1.6% for materials, 1.3% for labor, and 1.3% for general expenses, marking a continued moderation from the sharp jumps seen early in 2024.
- The labor component reflects a UOCRA salary agreement signed on November 14, homologated on November 20, and applied from December, including an extraordinary non‑remunerative assignment.
- General expenses incorporated ENRE‑approved electricity tariff updates for Edenor and Edesur effective December 1, plus authorized revisions for water and sewer connections and gas connection charges set by the Secretaría de Obras Públicas and ENARGAS.
- Within materials, lighting and intercom devices rose 3.6%, cement/lime/gypsum 2.9%, granite countertops 2.9%, and construction iron 2.8%, while representative inputs showed steel bar +2.8%, bagged Portland cement +4.1%, fine sand +2.3%, and hollow ceramic brick unchanged.
- Across work items for the year, the largest increases were earthworks (+32.4%), elevators (+31%), wood carpentry (+29.4%), and metalwork/ironwork (+27.6%), with other categories posting smaller annual gains.