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Keep up to dateBy Michael Hubbard2022-08-03T05:00:00
Output has recovered almost to pre-pandemic levels, but optimism is falling in the face of inflation, recruitment challenges and red tape
Tender price index â–²
Tender prices rose 9% over the 12 months to Q2 2022. Elevated price inflation will continue for the rest of 2022, as an enduring mix of supply-side factors affect the economy and the building sector.
ºÃÉ«ÏÈÉúTV cost index â–²
A composite measure of construction input costs increased by 11.4% over the year to Q2 2022. High inflation is set to remain part of the commercial picture for some time.
Consumer prices index â–²
The consumer prices index rose by 9.1% in the 12 months to May 2022. This is the highest annual rate in 40 years.
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