By Michael Hubbard2021-11-10T05:00:00
Acute inflation in the sector is pushing up tender prices, and with no end in sight to the pressures, this could continue well beyond 2022
Tender price index ▲
Tender prices increased by 5% over the 12 months to Q3 2021. Price inflation is set to continue over the remainder of 2021 as acute input cost pressures remain across the construction sector.
Building cost index ▲
A composite measure of building input costs increased by approximately 11% over the year at Q3 2021. Global and domestic issues and problems combined to push up input cost inflation to its highest yearly rate of change since 1981.
Consumer prices index ▲
The consumer prices index maintained its course at broadly 3% in the 12 months to September 2021. Consumer price inflation is expected to increase further in 2021.
Read more …
You are not currently logged in. Subscribers may LOGIN here.
A subscription will provide access to the latest industry news, expert analysis & comment from industry leaders, data and research - including our popular annual league tables. You will receive:
Get access to premium content subscribe today