Tender price forecast | Features

Total construction output: year-on-year change (%)
	1998	1999	2000
Actual	1.6	–	–
Forecasts
Building Material Producers) (December 1998	1.5	0.5	1.5
Construction Forecasting and Research) (January 1999	1.7	1.3	2.2
Cambridge Econometrics) (January 1999	0.9	–1.5	0.5

Movement of tender prices and construction costs against general inflation

Indices		1994			1995				1996				1997				1998				1999				2000				2001
Tender price index	Max Min	247	266	256	258	265	266	270	265	262	270	270	275	287	284	287	305	312	318	318	323*	329 323	334 326	337 329	341 331	344 333	349 337	352 339	355 342
Inflation year on year (%)	Max Min	2.1	14.2	7.1	7.9	7.3	0.0	5.5	2.7	–1.1	1.5	0.0	3.8	9.5	5.2	6.3	10.9	8.7	12.0	10.8	5.9*	5.4 3.5	5.0 2.5	6.0 3.5	5.6 2.5	5.5 2.1	5.8 2.1	5.7 1.8	5.7 1.8
Building cost index		379	385	388	392	397	407	407	407	408	414	414	416	417	423	429	430	431	448	447*	446*	444	468	469	470	472	488	489	490
Inflation year on year (%)		2.2	3.2	3.7	4.3	4.7	5.7	4.9	3.8	2.8	1.7	1.7	2.2	2.2	2.2	3.6	3.4	3.4	5.9	4.2*	3.7*	3.0	4.5	4.9	5.4	6.3	4.3	4.3	4.3
Mechanical cost index		342	345	350	357	358	360	365	364	361	357	359	361	356	357	363	365	363	368	373*	372*	372	380	385	387	388	395	400	401
Inflation year on year (%)		2.4	2.7	3.6	4.7	4.7	4.3	4.3	2.0	0.8	–0.8	–1.6	–0.8	–1.4	0.0	1.1	1.1	2.0	3.1	2.8*	1.9*	2.5	3.3	3.2	4.0	4.3	3.9	3.9	3.6
Electrical cost index		381	383	389	397	397	398	399	407	404	401	402	411	411	411	411	410	424	422	422*	433*	433	433	435	451	451	452	454	468
Inflation year on year (%)		1.1	1.3	2.9	4.5	4.2	3.9	2.6	2.5	1.8	0.8	0.8	1.0	1.7	2.5	2.2	–0.2	3.2	2.9	2.7*	2.6*	2.4	2.6	3.1	4.2	4.2	4.4	4.4	3.8
Retail price index		362	363	365	368	375	376	376	378	383	384	386	389	394	397	401	402	409	411	412	411*	418	421	422	422	429	432	433	433
Inflation year on year (%)		2.5	2.5	2.5	3.4	3.6	3.6	3.0	2.7	2.1	2.1	2.7	2.9	2.9	3.4	3.9	3.3	3.8	3.5	2.7	2.2*	2.2	2.4	2.4	2.7	2.6	2.6	2.6	2.6