Market forecast: Upward but uneven

New work

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

01 / Summary

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.

Read more …

This is PREMIUM content, available to subscribers only

You are not currently logged in. Subscribers may LOGIN here.

to access this story

Gated access promo


A subscription will provide access to the latest industry news, expert analysis & comment from industry leaders,  data and research - including our popular annual league tables. You will receive:

  • Print/digital issues delivered to your door/inbox
  • Unlimited access to building.co.uk including our archive
  • Print/digital supplements
  • ºÃÉ«ÏÈÉúTVletters - unlimited access to the stories behind the headlines

now 

 

Get access to premium content