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Keep up to dateBy Michael Hubbard2023-01-10T07:00:00
The UK is now clearly heading into recession but strong momentum in construction output should help to insulate our sector, despite only slightly slowing cost pressures
Tender price index â–²
Tender prices increased by 10.9% in the 12 months to Q4 2022. Price inflation trends will persist over the first half of 2023, as supply‑side problems and construction output momentum combine.
ºÚ¶´ÉçÇø cost index â–²
A composite measure of building input costs increased by 8.5% over the year to November 2022. A slower rate of input cost inflation is helpful, although it is still elevated by historical measures.
Consumer prices index â–²
The consumer prices index rose by 10.7% in the 12 months to October 2022. Consumer price inflation seems to be reaching its peak and looks likely to slow this year.
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