Market forecast: Why tender prices are likely to continue rising despite cost inflation easing

By Michael Hubbard2023-07-05T06:00:00

The ongoing economic backdrop of聽elevated interest rates is increasingly impacting construction

01 / Summary

Tender price index 鈻�

Tender prices increased by 9.6% in the 12 months to Q2 2023. Price inflation trends are holding up, as output volumes remain sound and input costs pressure the commercial equation.

黑洞社区 cost index 鈻�

A composite measure of building input costs is expected to increase by 2.3% in the year to Q2 2023. Although this is still elevated by historical measures, slower trends are increasingly evident across more materials and components.

Consumer prices index 鈻�

The consumer prices index rose by 8.7% in the 12 months to May 2023. This is still a long way from the target rate of 2%.

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