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Keep up to dateBy Michael Hubbard2022-11-11T07:00:00
As building costs soar, yearly tender price increases are close to double figures – but that should slow next year. And while construction output is still rising overall, there is greater fragmentation
Tender price index â–²
Tender prices increased by almost 10% over the 12 months to Q3 2022. Price inflation trends will continue to plot an upward course into 2023, as supply-side problems and construction output momentum combine.
ºÃÉ«ÏÈÉúTV cost index â–²
A composite measure of building input costs increased by just over 9% over the year to September. This is still an elevated level of input cost inflation, although rising at a slower rate.
Consumer prices index â–²
The consumer prices index rose by 10.1% in the 12 months to September 2022. UK inflation has only exceeded 10% on a yearly change basis three times in the last 70 years.
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