By Michael Hubbard2019-05-20T05:00:00
Tender prices are likely to rise at a slower rate over the next couple of years, as output wavers and business confidence stays low
Tender price index ▲
Tender prices increased by 4.5% over the year to Q1 2019. Construction price inflation remains against a backdrop of respectable industry output.
Building cost index ▲
A composite measure of building input costs recorded a 4.1% yearly rate of change in Q1 2019. Supply chain commercial pressures are evident still from a combination of rising input costs and some constraints on output prices that can be secured.
Consumer prices index ▲
The annual rate of change slipped to 1.9% in March 2019. The yearly rate of change is now at or around its target of 2%, with no real stand-out stories in any of the inflation categories.
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