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| Construction cost index (annual % change) | ||||
| 2004 | 2005F | 2006F | 2007F | |
| Tender price index | 4.9 | 4.2 | 4.5 | 4.0 |
| Building cost index | 6.1 | 6.5 | 4.8 | 3.7 |
| Retail price index* | 2.2 | 2.4 | 2.5 | 2.5 |
| F= forecast | ||||
| *RPI excluding mortgages forecast – HM Treasury average of independents May 2005 | ||||
| Source: Franklin + Andrews | ||||