By Michael Hubbard2022-05-09T06:00:00
Output is levelling off as the Ukraine war and Chinese covid lockdowns hit confidence. Meanwhile, the same factors are adding inflationary pressures
Tender price index ▲
Tender prices rose by 8.4% over the 12 months to Q1 2022. Elevated rates of price inflation will continue in 2022, as acute input cost pressures afflict the economy and construction sector.
Building cost index ▲
A composite measure of building input costs increased by 9.6% over the year to Q1 2022. Inflation trends are pervasive across global, domestic and local supply chains.
Consumer prices index ▲
The consumer prices index rose by 7% in the 12 months to March 2022, the greatest rate of change in 30 years. Consumer price inflation is set to remain high for some time.
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